Today, 1/11/2025, I will analyze the evaluation of the chart of $ETH and my personal opinion about ETH and my plans for ETH if it goes as I evaluate.

A. Personal evaluation of the chart $ETH

- Monthly chart: #ETH clearly shows it is going sideways within a fairly wide range of about $950 - $4700. It is not yet an uptrend in a large wave structure. It is easy to see that with this structure, to break the previous peak of 2021, ETH needs to accumulate and test the lower range. Here, I identify a demand zone according to Supply-Demand around $3000 - $2000. The monthly histogram momentum indicator also shows a need for a corrective wave.

=> Clearly evaluating #eth the monthly wave when it surged from the $1400 area to $4700, the correction to accumulate and break the old peak is reasonable and has a high probability of occurring.

- Weekly chart: Observing the weekly chart, it is easy to see that $ETH has completed a full Elliott wave uptrend, currently entering a corrective wave (the weekly histogram is showing a red wave). ETH is correcting according to the weekly wave. With this weekly corrective wave, I see a demand zone coinciding with the monthly session around $2900, matching the Gann model in the 0.382-0.5 area (confluence) => The probability of a correction to this area is high. The weekly correction definitely indicates that the daily wave is choppy, so trading on the daily should be approached with extreme caution.

B. My plan for #eth

- From the analysis of the monthly and weekly sessions, my plan for ETH is to wait for ETH to form a bottom in the weekly session (I will update my analysis in the following weeks). The area I am waiting for ETH is around $3000. If the price goes lower, the risk-reward ratio and future expectations will definitely be attractive.

* Note:

- #eth has approved an ETF similar to BTC

- Organizations and funds are accumulating billions of dollars #eth

- The trend patterns still revolve around ETH

P/s: What do you think about #ETH🔥🔥🔥🔥🔥🔥 ? Comment to share your thoughts and perspectives, and let's learn together.