Ethereum with ticker ETHUSD is sharply bouncing on a daily chart, so looks like a three-wave ABC decline in wave C is finished and we are now tracking a new three-wave ABC rally within wave D back to the upper triangle.

In the 4-hour chart, it made a nice and clean five-wave impulse into wave A, but with the current sharp decline, seems like it’s now trading in a higher degree ABC correction within wave B that can retest 2100 – 2000 support area before a continuation higher within wave C of D.

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