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Outlining Potential Ethereum Correction Scenarios
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- The Ethereum price is possibly finishing the third and final wave of a W-X-Y correction.
- The price has broken down from a long-term ascending support line.
- There is resistance and support at $250 and $170.
The Ethereum (ETH) price has broken down from a long-term ascending support line, indicating that it has likely begun a corrective movement. On June 25, the Ethereum price broke down from an ascending support line that had previously been in place since March 13. This is a sign that the upward trend has likely ended, and will see ETH continue moving downwards. Ethereum Loses
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