#ETH #TW

Looking at Ethereum’s chart, the situation is similar to BTC.

On the weekly timeframe, the price is trading below resistance, which increases the likelihood of a medium-term correction.

According to my preliminary calculations, under the positive scenario, the correction could reach approximately $1,390 by mid-November. In the worst-case scenario, Ethereum could drop to around $1,030.

The first upward wave of the rebound is preliminarily expected to reach the $1,800–$1,900 level, where we may see subsequent consolidation and the formation of a chart pattern for the next major trend. I expect to be able to determine the direction of that trend more clearly closer to March.