Ethereum - Corrective wave likely done
On HTF, an ABCDE correction is completed, the last move being an Expanding Ending Diagonal.
The deviation / throwover is not typical of this type of correction, but it still appears like it is going to materialise.
On LTF (see next chart), price has also completed an ABCDE correction. This is more standard and looks like a wave 4.
As with BTC, when the down move is confirmed, there is very little retrace for exit, so don't expect big pullbacks.
Target for this C wave is below 1k when fully complete.
The deviation / throwover is not typical of this type of correction, but it still appears like it is going to materialise.
On LTF (see next chart), price has also completed an ABCDE correction. This is more standard and looks like a wave 4.
As with BTC, when the down move is confirmed, there is very little retrace for exit, so don't expect big pullbacks.
Target for this C wave is below 1k when fully complete.
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LTF chart
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Current BTC chart