Ethereum Anticipated Happened

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 Ethereum 240 mins chart anticipated on 4th Feb 2023


Ethereum 240 mins chart happened on 10th Feb 2023


Analysis

Last week I had mentioned for ETH that, " if Ethereum falters towards $1500 it can be utilized as a buying opportunity. Any move above $1680 will continue to uptrend"

ETH was meant to buy at $1500 or near to it was because wave ii was unfolding, I had captured successfully the entire fall from $1640 levels - Anticipated Happened.

To read my previous article on ETH, click on the below mentioned link

https://www.marketanalysiswithmeghmody.com/2023/02/ethereum-wave-2-opening.html

As seen from the above chart, prices failed to move above the red horizontal line and as a result it tumbled and arrived near to its previous low. It will be important to see if there is a sharp reversal coming for this crypto, if so then an intermediate bottom is at place and then there are high chances for prices to transcend its previous high and make a new one.

As per wave theory, prices might have completed wave ii and it probably have started wave iii higher which will not only cross $1680 levels but can touch $1900-$2100 price range. Remember wave iii will be the longest wave*

The summation is ETH can soar towards $1900-$2100 price range over short term with support at $1420.

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