Ethereum’s price increased sharply in May, reaching 2,790 USD. This marks the end of Wave I and the beginning of a deeper corrective Wave II, which typically lasts longer than the impulse phase.
Traders are advised to look for signs of reversal in the 1,830 USD to 2,000 USD range to confirm trades. There’s no explicit stop-loss level, highlighting the importance of careful risk management.
Leave a Reply