ETH/USD eyeing 260! – Elliott wave analysis
|ETHUSD may have a completed correction in wave "b" just below 400 level, after recent strong decline, so watch out for more weakness for a wave "c", especially if BTC is also pointing into new lows. However, in case of strong bounce and recovery today on ETHUSD, be aware of a bigger a-b-c correction that can retest 400/420 area before the downtrend resumes.
ETH/USD, 4h
Here is our previous article about the ETHUSD, where we were expecting bearish price action. Click Here.
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