So we have the main bullish wedge, looks like ending diagonal idea for eth bear market and bottom is likely in.
We can be more confident when we look at the seller exhaustion spike on the termination of the diagonal
Wave B doesn't have ideal structure but it channels ok
Oversized Wave A is fine because of the huge extended 5th.
basically im looking for the price to get above the weekly ichimoku cloud and stay there to confirm we are not correcting, in this case it might indicate a buy, if we break down from here 280 might bea good entry but must see what structure forms
feels like the last attempt on 6k saw an ath shorts and they got horribly squeezed again,smart money bought them out at yet another time at 6k, probably we go up on this curved support to something like $85k. Any new low under 6k i think will be quickly bought up. The bear is done i believe
ETH made ATH much later than bitcoin, it looks like we have finished the bubble cycle and eth is sat on rock hard supports. maybe look to get in on confirmation of the breakout. for those of you that think eth is dying, bitcoin went from 19.5k to 6k,its like 70% crash,eth went from $1400 to $365 so its 74%crash... not that different really, and the btc daily RSI ...