ETH | An Elliot Wave Perspective

ETH | An Elliot Wave Perspective

During all this week the price looks like it is stopped near 1430
that corresponds to strong daily support.

The ETH Merge insecurity is holding the market under pressure.

One of the biggest events is resulting from being non-even at all.

Now I am looking at the price to develop in two ways.

The first scenario is that the ABC pattern correction can be finished where it is
now (Black scenarios). At this point, the price should increase soon.

The second scenario is that the ABC pattern correction can be completed near 1100 and
after that, the price can begin the bullish movement again. (Blue scenarios).

At this point, the price should increase soon.

Targets:
1900
2300

Thank you and Good Luck!