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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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In analyzing the price movement of Ethereum, I found that I might have misjudged the current wave position. Upon re-examination, I believe that wave B in the zigzag correction may have already ended. This judgment is partly based on the conformity of the AB=CD pattern.
Currently, the market seems to be in the second sub-wave of wave C, about to start the third sub-wave of wave C. This perspective still needs further validation, and traders and analysts are welcome to provide their opinions.
In the current market environment, if the price does not break below the support level of 3735, this wave count may be reasonable. Based on this analysis, a short position can be considered. However, it is important to note that if the price breaks above 3735, one should promptly cut losses to control risk.
As a trader who is learning, I hope to improve my analytical skills through practice. This analysis represents only my personal views, and constructive opinions and perspectives are welcome. In the cryptocurrency market, maintaining an open learning attitude and cautious risk management is crucial.