Hello Crypto traders! Crypto market is finally recovering and we have been talking a lot about a corrective movement and strong supports. On August 22 we shared an article about Ethereum with ticker ETHUSD, where we were tracking final wave 5 of (C) of an A-B-C corrective decline with the support at 1500 area.

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As you can see today, ETHUSD is nicely bouncing from projected 1500 support with sharp and impulsive price action, which indicates that correction can be completed and bulls back in the game, especially if breaks back above channel resitance line. It's ideally unfolding a new five-wave bullish cycle with room up to 1900 - 2000 area or higher, so watch out for more gains in upcoming weeks, just be aware of short-term pullbacks.

You can also join us in live webinar today on Monday, Oct 30, 2023, @15.00 CET.

 For more analysis visit us at www.wavetraders.com and make sure to follow us on Twitter (https://twitter.com/GregaHorvatFX) 

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