$ETH
Added 2024-12-20 20:38:07 +0000 UTCOk the bleeding stopped exactly on the 0.5 Fib at $3100 and many buyers stepped in, possibly to catch a relief bounce and the potential for a bottom but at the very least they would get a relief bounce back up to the $3700 top line level or to the 1.618 Fib at $3456 which is where the price is at now.
The best case scenario for $ETH now is that we completed an ABC pull back to the 0.5 Fib
There are three waves and this started on the 6th of Dec, so it took 2 weeks.
If the price action can recapture the $3700 level then it is possible
Do not expect that to happen in 1 day
Down to the 0.5 Fib and back up to $3700 Fib would be very unusual in 1 day.
So let's see if higher lows can come in next and a show of strength.
I am happy that we held and stuck with this.
