Corrections come in many forms, as #ETH is demonstrating here. I initially thought the correction had completed at what I have now labelled wave a. Instead, price appears to be forming a larger ABC correction to complete wave 2. The broader structure remains unchanged: once wave 2 is complete, I still expect #Ethereum to move lower in wave 3. Markets evolve. Good analysis evolves with them.

Water strikes 3,000 times but ultimately returns to the sea; clouds rise high in the sky yet struggle to cross lofty mountains Early this morning, the price surged to around 84350 and encountered clear resistance, followed by a pullback. During the morning session, it continued pulling back and probing lower, reaching a low near 82500. In the afternoon, increased buying volume from bulls drove it up to around 83700, returning it to high-level consolidation. The bottom support zone at 82500 that was emphasized yesterday was perfectly tested, with no break below the key structural level. All three short positions yesterday successfully took profit, securing a total of 3903 points. On the four-hour chart, although there is short-term demand for a rebound, each rebound high is currently lower than the last. Both 84000 and 85000 are dense resistance zones. On the four-hour timeframe, 84000 was previously a support zone and held through multiple tests; after being broken, it turned into a resistance level. 85000 is the previous dense chip area and the upper-band region, making a one-time breakout difficult without high-volume participation from large funds. The chip gap at 82000, in line with the market patterns that gaps must be filled and liquidity is harvested, is usually likely to be filled to the downside when an upward correction fails. Short BTC if it rebounds to 84350-85000, with 83500 as the target Short ETH if it rebounds to 2722-2742, with 2634 as the target$BTC $ETH

$eth Little e Can it break through successfully? It all comes down to this move. 💪