The most important chart for $ETH is obviously the DAILY, and it looks like a correction (abc) is was completed on 10/10 when we witnessed a flash-crash to as low as $3450, perfectly in the middle of the SUPPORT ZONE ($3300 - $3600).

After this correction, we should see another surge in price, this would be WAVE 5, the last rally in this cycle, for sure. TARGETS start from $5861 (1.618 fib), and I consider this ELLIOT'S WAVE count to be a clean one, which means, more likely to materialize.

For now, it's been a struggle to stay above the key support/resistance level of $4k, still a DOWNTREND with a recent LOWER LOW followed by a sideways narrow chop.

200 MA at $3260 and upcurved, still a BULL MARKET coin. I'm on the sidelines until it either closes above $4100 or retraces back down by 10 or even 15%.

ETH v $BTC on the WEEKLY, a rebound from the range bottom last APRIL, topped out in AUGUST at 0.0434, currently retracing to an important 0.0344 level, which MUST be held to keep this year's momentum. Short-term BULLISH long-term BEARISH in relation to the KING.

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