
@morecryptoonline
YouTube
Avg. Quality
71
Success Rate
24.58
Analysis
415
Correct
102
Fail
130
Pending
164
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending

ETHUSDT
Entry
4,483.6100
2025-08-31
17:29 UTC
Target
4,211.4400
Fail
4,774.3700
Risk / Reward
1 : 1
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Body
The analysis tracks ETHUSD on a 30-minute timeframe, noting a complex WXY correction pattern. Despite the complex pattern, the analyst sees bullish signals and is tracking the WXY structure with the Y wave unfolding as an ABC. A five-wave move down in wave C suggests a target of $4211.44 is possible. If the price breaks $4670, the analysis is invalidated. Sideways patterns are expected to continue in the short-term. It's important to monitor the area around the 20th of August low and previous swing lows. Bitcoin's price affects the movements in the cryptocurrency market, also the Ethereum dominance is still pushing.