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Ethereum ETH Price News Today – Technical Analysis Update, Price Now! Elliott Wave Price Prediction!



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Ethereum ETH Price News Today – Technical Analysis Update and Price Now! In this video I talk about a technical analysis of the Ethereum Price and I talk about some important price moves that are happening right now! Ethereum Price Prediction! I also talk about Elliott Waves!

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Hello and welcome to another update video about ethereum so yeah very much in line with the previous update ethereum hasn’t moved much um consolidating below 30 uh 30,000 would be nice no $3,000 um want to start quickly on the daily chart just to visualize again that

We have here this one two one two one two setup and we’re now probably in a third wave which could form also another one two setup one two but I mentioned it many times that yes this could be an opportunity if it happens one second could be an opportunity if it happens

But I would not necessarily bet on it yeah cuz um you know someone asked me okay could it not be that ethereum Ries directly do I not consider that yeah of course I mentioned that in the last video that if we get that sustained break above

$3,100 I have to assume that we are not going to get any deep pullbacks anymore in this rally in a third wave why well think about what for example runed at end of the year or what Solana did yeah this is the same structure well it’s

Kind of even more bullish on The Ether chart um it’s just that if we get a break typically above the 7 78.6 extension of a one two setup yeah then this is likely not a wave 1 anymore then we’re already in the heart of a third

Wave rally well how would we count it well I would have no choice to say okay maybe we had a tiny one two down there it would it would be a reinterpretation that’s where we what we use the fips for Elliot wave tells us it’s bullish um we’re using the micro structure to

Figure out if or where the probabilities for for a pullback increase and they high now especially below $3,100 but if we get that sustained break above 3,100 I assume we’re going directly possibly to yeah 3,800 4,500 quite directly that cannot be predicted we just need to see do we get

That sustained break above 3,100 now don’t think if we go to 3,15 it’s going to do that yeah um it’s it’s a sustained break so it’s a little bit subjective it depends on how it breaks how it’s looking like you know and how long and it it’s not an exact

Science that’s the problem but we recognize it again and again if in a third wave the market breaks above this extension level I cannot count it anymore as another wave one okay we are already then in the third wave so um that’s what I mean you know sometimes I

Mean the market only offers so many onws at some point it just bradies that’s why in previous bull bullish runs you see it here you don’t always get these deep pullbacks anymore they happen one two and then it’s just going okay so looking at the shorter time frame here nothing

New to report really five waves to the upside which means yep probably this wave to bottomed on the 23rd of January um but we have to be ready for a pullback but without evidence that it started it’s purely just a potential and I know a lot of people are waiting for a

Pullback because it could offer another opportunity to get in um it would need to break again below that green line um 2,800 what is that 77 is our signal level so a sustained break below that level only that would give us a first indication that this wave two has

Started until we do that um the door to further extensions higher to 3,100 or even higher um remains open so yes this is a wave count which is technically full but if the market needs to correct it just depends on the market itself it just means it’s bullish so I offer

Support this basically means we have to allow for a pullback but not the pullback will happen just watch the 2,877 level as well as the lower boundary line of the ascending Trend Channel and then we can watch um if they break we can watch for this support area

To become relevant and that hasn’t changed no it hasn’t still between 2,328 and 2,600 67 only a break below 2,328 would require a reinterpretation of the chart make it basically more bearish um yeah so I’m just watching these levels you see it’s consolidating just between support and resistance 3,29

Is basically an upside breakout point and a break above that level could send us to 3,100 next that’s my update about ether hope you like the update if you did please hit the like button leave a comment and subscribe and if you really like the content then please check out

The channel membership thanks a lot for watching bye-bye

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