Ethereum looks to be completing a condensed overlapping 5 wave move to new highs. It triggered a solid entry based on our trading system indicated below. However this should only be seen as a quick flip as it is in the last stages of a 5 wave push.
Earlier it looked like an ugly ABC pattern but a lack-luster 5 wave push would make a bit of sense.
It did trigger an entry but this might be a short push higher, we will shortly see how this plays out.
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