Ethereum Prices Set To Dip Below $3,900 According to Elliott Wave Theory

Ethereum Prices Set To Dip Below $3,900 According to Elliott Wave Theory


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The crypto markets have been consolidating and experiencing a small correction lately. Though we expect the correction to dig a little deeper, over the long haul, this should be a relatively shallow correction.

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Source: TradingView

Ethereum has been holding above a 20-month support trend line that has been in place since March 2020. I suspect this trend line will get tested in the coming days. Continuing to hold above this trend line implies the uptrend remains healthy.

As we’ll see in a moment, using Elliott Wave Theory as our guide, it is possible we may

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