Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

ETHEREUM (ETHUSD) Technical Analysis and Sell Plan Explained - 2 April 2024 - By Vladimir Ribakov

3 Apr 2024 · 1 min

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In this video Vladimir Ribakov evaluates Ethereum's price action to determine whether the asset remains under bearish control. He notes that after a peak above the $4,000 strong zone, Ethereum appears to be forming an ABCD (or two‑wave) correction. On the 4‑hour chart the first wave down has produced three consecutive lower highs and lower lows, and the price has broken below the rising support line that defines the ABCD structure. The ADX indicator is also showing bearish momentum. Based on these observations Ribakov maintains a bearish outlook and suggests that the sell side remains dominant as long as the identified resistance levels hold. The video concludes with a promotion for the Home Trader Club, offering trading courses, real‑time education, and trading opportunities.

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Is Ethereum still under the bearish control? So here is what we have on the charts. After completing a peak above the $4,000 very strong zone, the Ethereum seems forming ABCD correction or 2 waves correction. The first wave down completed 3 lower highs, lower lows on the 4-hour chart, breaks below the rising supportive line of the ABCD structure while the ADX indicator is bearish. And as long as the resistances hold, for me, the bearish view remains on. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.