ETH is currently in the neutral zone still but it’s trying to form a breakout now, below the red trendline support on 4h chart which can make a room for a drop to 3200-3000 area. Break below massive 3k level could actually suggest that Ethereum is in wave C of a flat or a triangle in four.
Ethereum 4h Elliott Wave Analysis
DSHUSD is making a bigger intraday recovery in the 4-hour chart, but we still see it as an (A)-(B)-(C) correction within wave 4, ideally as part of a bigger daily ending diagonal pattern that can send the price back to June lows for the final wave 5 of C before bulls show up again. Nice projected support is around 100 level that can come in play fast, once the trendline support is broken.