ETH is in the 4th wave, short order $3,700

Need to some rest before climb up. Next target around $6,800.

Easily realize ETH has beed done a wave A at $4,100 in the correction wave ABC. Then it is going retracing to $4,450 and will be dipped to $3,700 finally.

In the correction wave, wave A = wave C or 1.618 Fib wave C. In my opinion, its is 1.618 wave C, why? Because, we have a previous resistance around $3,700 acts now as a support zone.

For trading, short order
- Entry $4,450
- SL: $4,565 (0.618 Fib)
- TP: $3,700 (1.618 Fib Wave C), at least $4,000.


Wait and see