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Ethereum - in 3rd quarter - SHORT

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I use the wave structure and SMC method to make a judgment of ETH in the third quarter of 2023 as follows:

Currently, I see that ETH price has moved from an Rally Phase to a Drop Phase and has retested the target price area with GAP at 20xx.

In the 3rd quarter of 2023, the market does not have much good support news for Crypto, I am taking a short-term view for ETH possibly towards the target price area 172x-174x. the next price area is 165x. And the extreme value area is 1400 (in this case, BTC price can drop below 25k and on way to fill the GAP of CME's BTC1 Chart).

To sum up, I am giving a view of ETH as going down sharply in the third quarter of 2023.

This is my personal opinion and is based on my experience in trading with Smart Money Concepts trading strategy and wave structure. I look forward to receiving your comments with this idea of mine

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The nearest ETH price target is area 172x-174x

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I see ETH has just swept liquidity and filled imbalance area at H1 (192x)

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ETH price is reacting well and going down

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The price is below 1990 ( updated 1893). Profitable first step

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Comeback profit (Below 1890). Happy Trading!

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