Hello, everyone!

Ethereum still have not broken it's low at $900 while Bitcoin is falling in the hell. A lot of traders suppose that ETH is strong asset. Of course it's a lie and all these traders will be disappointed when it crashs.

Let's take a look at the 1D time frame ETHUSDT chart of the WhiteBit exchange. The price now is still forming the wave 3 as I can measure the target using Fibonacci extensions this dump will be stoppe only at $800 before any significant correction. If we consider this price as the wave 3 bottom the target for the wave 4 is approximately $1200 - 0.5 Fibonacci retracement. The most conservative target for the wave 5 is this case is $500 using the Fibonacci extensions again and I have no doubts the tahe price will come there in 2-3 months. Let's wait for this sweet price to invest our money.

Best regards, Ivan

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