Perfectly as previously forecasted, Ethereum rebounded perfectly from the upper trendline and is now heading to the lowerside. As long as the price is contained below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of the impulsive wave (5) to the lowerside and should break below 185.15 towards 180 or even lower. This view can only be invalidated in case the price breaks above 284.80, if this is the case, then an acceleration to the upperside is expected.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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