#ETH

ETH Market Analysis:

This is just an idea, not advice, not advice, not advice!!!

I just had a sudden thought to open the daily chart and look at the overall market from the starting point of this wave; I simply sketched it using some immature wave theory and Fibonacci retracement. I will also briefly discuss the key positions!

Key Fibonacci retracement levels in the chart: The first one is at the $3500 level, which is also the current level. If it breaks below here, then the next level is around $3230, followed by the significant $3000 level, which is also the 0.5 level. The most critical level is around $2800, which corresponds to 0.618, overlapping with the lowest point of wave 4 retracement! At the same time, this is also the gap area left on the CME chart!!!

So, what do you think is the probability of Ethereum retracing to the $2800 level? I decided to pin this post to validate the future trend!