Ethereum, ETHUSD is making bigger recovery in the 4-hour chart, but too soon to confirm the low and support in place. The price is still below 3600 bullish confirmation level, which could be still as part of a higher degree wave 4 correction within downtrend that can send the price below 2000 level. However, if current decline turns out to be in three waves A-B-C, then bulls could be still in control according.
Ethereum 4h Elliott Wave Analysis
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