$ETH is testing its daily 233-EMA, now what?Ethereum / TetherUSBINANCE:ETHUSDTnomadhedgeEthereum looks to have completed a 5-wave move of minor degree and corrected down into wave 4 minuette, which usually signals the correction is done. This level also lines up nicely with the 233-EMA. There are no moving averages below this one, so a break lower from here would signal bearish momentum. I’m leaning bullish, because the risk/reward for a push toward new highs is favorable with a tight stop. That said, any break below 2200 warrants caution. If recent drawdown is impulsive, that means any upside move from here is only corrective, so beware. #ethereum #crypto #elliottwave