Ethereum Finds Top

Published 11/11/2021, 06:44 AM
Updated 07/09/2023, 06:31 AM

Crypto's total market cap declined sharply from projected targets after the 5th wave. So, now we will have to be aware of a bigger decline in three waves.

But, to confirm the top for the 5th wave, we need to see broken channels.

In the meantime, there can still be some strong Altcoins with bullish structures that can retest the intraday highs before real bears show up.

Total crypto market cap chart.

Ethereum sharply declined from the projected target area for wave (5), so seems like the ending diagonal (wedge) pattern is slowly approaching the end.

But, to confirm the top for wave (5), we need it back below the channel support line and $4300, only then we can expect a reversal down at least in three waves.Ethereum price chart.

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