Technical analysis by WOLFofBlockStreet about Symbol ETH: Buy recommendation (8/9/2024)

Long-Term Analysis of ETH/USDWe are back with another in-depth look at the ETH/USD pair. It appears that Elliott Wave 4 has completed, and we may see one more wave to the upside before a larger correction occurs.Wave 4 was particularly intense, with a sharp and rapid decline that brought the price down to the 200-week moving average (MA). This level also coincided with the lower support line of the current channel. Fortunately, we experienced a strong rebound from this area, and the market is now poised for a potential upward movement.My target for this next leg is at the 1.618 Fibonacci extension level, which is around $7,300 per coiThe wolf pack are hunting for profits, one block at a time..🐺Make sure to follow my new profile on X for more weekly updates! :@PuppyNakamotoHappy trading! ETHUSD ETHUSD ETHUSD ETHUSDT