$ETH
Added 2024-07-05 07:29:40 +0000 UTCOK all of the cryptos are being dragged into this sell off and $ETH is not going to be exempt from this, a lower low has not been made yet below the 0.5 Fib at $2803 but I suspect it is possible. The price has so far held the previous support level at $2811.
We can see on this chart that there is only 4 Impulse Waves up here and no Wave 5 yet, unlike the $BTC chart, which has arguably 5 impulse waves and it is in an ABC correction now, so I believe $ETH is still in Wave 4 and although it has not made a lower low yet, I believe it is still likely and it can come down to the 0.618 Fib at $2498 before going higher.
I am definitely buying this dip.
As soon as I see support confirmed, I will be adding to my position and may allocate more capital towards this now than previous planned.
Buying pull backs of this nature is what I take full advantage of, once I am happy with support.
