FX.co ★ #Ethereum chart analysis

Hello traders! An analysis of the Ethereum market based on Elliott Wave Analysis, MACD readings, and moving averages (55, 89, 144) on the H4 chart indicates the formation of a corrective wave structure of a combination (X). Currently, we are seeing a double zigzag pattern that could potentially transform into a triangle. I am staying out of the market for now and observing.