The most recent ETHUSD chart section displays the descending corrective trend currently unfolding as a double zigzag (W)-(X)-(Y). The first two sub-waves must have completed, the motive wave (W) and the counter linking wave (X). There is forming the final wave (Y), which could be a simple zigzag A-B-C, like sub-waves (W) and (X). The bullish correction B must have completed, and the price could be declining in the final wave C to a level of 3860.00. At this level, wave (Y) will be 76.4% of wave (W).
Trading plan for ETHUSD today:
Sell 4437.32,
TP 3860.0
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