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Ethereum with ticker ETHUSD is sharply bouncing on a daily chart, so looks like a three-wave ABC decline in wave C is finished and we are now tracking a new three-wave ABC rally within wave D back to the upper triangle.
ETHUSD Daily Chart
In the 4-hour chart, it made a nice and clean five-wave impulse into wave A, but with the current sharp decline, seems like it’s now trading in a higher degree ABC correction within wave B that can retest 2100 – 2000 support area before a continuation higher within wave C of D.
ETHUSD 4h Chart
For a detailed view and more analysis like this you may want to watch below our latest recording of a live webinar streamed on June 09 2025: Direct Link.
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