Very nice breakout of the wedge yesterday and had jumped 20% since our Wave 4 level at $31111, so we are very happy with our re-entry into $ETH right now.
Price is taking a breather today and there has been a test on the larger 1.618 Fib at $3566 today and so far has held.
The price action can still come down to the 50 MA on the 1hr chart at $3530 or even the wedge breakout level and I will be happy with both.
Wherever we see a hold, it is a signal to add again to catch the run up to our Wave 5 target.
$4800 is quite high but I will be watching for a higher high above $4100.
Ryan C
2024-03-26 16:14:37 +0000 UTC