🚨⚠️ Why I Believe Ethereum Still Has More Downside Ahead 🚨⚠️
I have tried every possible way to analyze this, and one thing I have noticed is that if you look closely at Ethereum, you will see a clear downtrend. You will also notice that it has been getting rejected from its trendline repeatedly. Furthermore, according to my analysis, Ethereum is currently moving in its 5th wave, with a potential target range between $1,150 and $1,355.
I have done my best to explain this from every angle. Of course, there is always a possibility that some unexpected news could trigger a short-term recovery in the market. However, based on the information currently available and according to technical analysis, this appears to be a very strong chart setup. If you study and follow it carefully, it may prove beneficial for you.
That said, I always emphasize one thing: trading without learning and blindly following others without doing your own research will not lead to success. First, get involved in the market yourself so you can better understand market manipulation and technical analysis. This will help you build your own foundation and make independent trading decisions.
The next market session will be decided by this CPI data:
If the CPI comes in lower than expected, the market will turn bullish and could go above $90K within a few hours. If the CPI comes in higher than expected, a bearish session will start.