Ethereum analysis on January 9, $ETH 2025
The trend of Ethereum (ETH) is quite easy to analyze. The c1 wave has ended, and we are currently in the c2 wave rebound!
Rebound targets: 6-hour BBI 3416, 12-hour BBI 3446, and extreme daily MA 5 at 3471 are all possible. The rebound will not effectively stabilize above 3550.
After the c2 rebound, there will be a stronger c3 decline.
The c3 drop could go below 2973.
Shorting during the rebound may be the best choice!