
In today’s Ethereum market update, we dive into the current sideways movement and analyze the potential for a breakout. While there’s a possibility of a triangle pattern forming, the structure remains unclear. We discuss key support levels, the potential for higher prices if a five-wave move is completed, and what to expect if the price drops below $2,540. Stay tuned as we explore the implications of different wave counts, the significance of the $2,390 support, and whether Ethereum is heading towards $1,900 or $1,800. Don’t miss this in-depth analysis of Ethereum’s price action!
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Key Points Discussed:
Ethereum’s prolonged sideways range and potential triangle pattern.
The unclear structure from the 5th of August low.
Key support levels between $2,390 and $2,510.
The significance of the $2,540 support level.
Possible test of the lower support region at $2,390.
The potential for a diagonal pattern forming.
Scenarios if Ethereum drops below $2,540.
Possible move towards $3,200 to $3,300 if support holds.
Caution regarding weekend price action and market noise.
Encouragement for viewers to like, comment, and subscribe.
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Hashtags (30):
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