ETH 8.12 Trend Analysis: Completion of Long-Term Upward Structure, Increasing Expectation of Correction

The long-term 5-wave upward structure of Ethereum has been fully presented. After rising from $1384 to around $4400, the overall upward trend has basically ended, and we are now entering a correction period.

From the expectations, the correction target may point to the trend line support level around $3000.

Trading Suggestions: Long positions can be exited at appropriate times, while preparing to establish short positions.