Ethereum

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 ETH 4 hour chart


Analysis

As seen in the above chart, prices are moving in a sideways direction, this can open the possibility of triangle or some other non-triangle pattern. As of now, I have opened the possibility of triangle pattern but it will negate once the level of $2200 is taken out in this move, as wave d which I have anticipated looks to be impulse as of now. Going ahead if it becomes a corrective structure then it will be more of a running triangle pattern.

The summation is ETH price is likely to remain below $2200 as it can make an attempt towards $2000 levels from here and then move down till $1750 levels.

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