Ethereum: ⬇️ Sell
– Ethereum broke support zone
– Likely to fall to support level 1920.00
Ethereum cryptocurrency recently broke the support zone between the support level 2160.00 (which stopped wave A at the end of October) and the support trendline of the daily down channel from the start of October.
The breakout of this support zone accelerated the C-wave of the active ABC correction (2) from the end of September.
Given the strongly bearish crypto sentiment seen today, Ethereum cryptocurrency can be expected to fall further toward the next support level 1920.00 – target for the completion of the active ABC correction (2).