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In the previous idea, I was able to find the Ethereum price top at $4,788. The question is, has the Ethereum correction begun, or is there still hope for the creation of a new All-Time High(ATH)?
Ethereum( ETHUSDT) is currently trading near the Support zone($4,240-$4,186), Cumulative Long Liquidation Leverage($4,205-$4,158), and important Support lines.
In terms of Elliott Wave theory, it seems that Ethereum has completed a corrective wave. The corrective wave has a Double Three Correction structure (WXY). If the Resistance zone($4,410-$4,324) and Cumulative Short Liquidation Leverage ($4,416-$4,375) are broken, we can confirm the end of the corrective wave.
I expect Ethereum to start rising from important support lines and rise to at least $4,373.
Second Target: $4,484
Third Target: $4,607
Stop Loss: $4,097/b]
Note: Today's Fed Chair Powell Speaks can create excitement in financial markets, especially crypto.
Do not forget to put a Stop loss for your positions (For every position you want to open).
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