Ethereum is currently trading above $2,100 at the start of the new month, but one analyst believes the asset’s next major directional move is based on a single price level: one that, if broken, would invalidate years of macro analysis and cause a price collapse to as low as $900. The Count That Has Held For A Year According to an analyst known as The Penguin, Ethereum’s current price behavior fits into a broader Elliott Wave structure that has been developing for years.
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