Technical analysis by SignalsProvider about Symbol ETH: Sell recommendation (9/2/2024)

The ETH/USD chart on the 15-minute timeframe is signaling a potential short setup after the completion of wave (3). The price is likely to retrace to the Fibonacci levels of 0.382, 0.5, or 0.618, which correspond to the price levels of approximately 2497.58, 2485.24, and 2472.91, respectively.This pattern suggests that Ethereum might undergo a corrective move downward before potentially continuing the larger trend. Traders might consider monitoring these Fibonacci levels for signs of support and potential entry points for short positions.