Ethereum Daily Chart (Sell on Rise)

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Ethereum Daily Chart (Sell on Rise)Ethereum / US DollarCOINBASE:ETHUSDGKTrademanthanWave Count (Green Labels 1–5): A 5-wave impulsive move appears to have completed, marking a bullish cycle peak. Complex Correction (W-X-Y-X-Z pattern): The correction after the 5th wave is labeled as a Complex Correction, composed of: Wave W – Zigzag Wave X Wave Y – Flat (3-3-5) Wave X – Smaller bounce Wave Z – Currently unfolding with a Diametric Pattern (7-wave structure) 📉 Current Market Structure Ethereum is in a corrective phase, currently moving through the Z wave of the complex correction. The correction appears to be forming another Diametric Pattern, potentially indicating one final drop before resuming upward. 🛒 Key Buying Zones Highlighted Upper Buying Zone (~$4,400 to $4,600) If ETH breaks bullish earlier than expected. Lower Buying Zone (~$3,600 to $3,800) More likely based on the projection shown. Where the final leg (Z) is expected to complete. 📈 Projected Path Price is expected to dip into the lower buying zone as the Diametric pattern completes. Following that, a strong bullish reversal is anticipated, likely leading to a new impulsive wave up. 📝 Patterns Used Zigzag Flat (3-3-5) Diametric Pattern – A 7-legged corrective structure, less common, indicating prolonged correction.