Ethereum: 3rd Wave started

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 ETH 4 hour chart


Analysis

As expected, prices have completed wave 2, though it tumble more than expected but eventually completed by forming a higher bottom and then crossing its previous high thereby confirming higher highs and higher lows and changing the trend from negative to positive.

In my previous update I had mentioned that prices will complete wave 2 and wave 3 will open up, to read my previous article click on the below link

https://www.marketanalysiswithmeghmody.com/2023/03/ethereum-wave-2-in-motion.html

From Waves perspective, prices are moving in a rising channel and has started wave 3 higher which can go till $2000-$2200 levels over short term.

The summation is ETH is likely to test the levels of $2000-$2200 levels over short to medium term.

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