Ethereum about to start an uptrend
2025-01-23
Category: None

In daily chart, Ethereum is at the end of the last Elliott correction wave, the price has reached the 50% fibonacci level which is another sign that there will be a move to the upside,besides the chart pattern shows a Bullish falling village that is forming . 

The red candle is telling us that a correction is taking place before going up again.

My analysis tells me that the price could get to the previous support level which is around $3901. I have set my stop loss at the previous low.

Let's see how it goes in the following days.

Remember patience is the key. No rush!!

Let me know if you agree with this analysis.