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 it seems like ethereum wants to go for another extension higher um as it’s already highlighted here on the chart with this wave five of a larger Wave 1 um marked with a question mark is the idea that

The top is already in well we’ve just made a new high obviously the top could be in at any time now because we have um five waves up from the 23rd of January low but again you know what can I say the the commentary is around um this

Uptrend okay so my analysis already highlighted in the last few days that we have the five w move to the upside or a five wve move from the 23rd of January complete that means minimal requirements for a whole for full impulse are fulfilled um it is a bullish structure

And further upside is expected over the coming months based on that um the the support area we have to use to basically Define the uptrend is between 2, 328 and $2,667 only below that support level or range the overall assumption changes so we are focusing on higher prices against

That range that doesn’t mean we have to test the range especially in a bullish Market um pullbacks can be extremely shallow and there are certain levels that if broken basically will indicate that we do not get a deep pullback anymore I have to say that very very

Clearly and I see that as quite probable actually um that level is at $3,100 and I will show you why we go to the daily chart so it’s not that you know if it goes I don’t know $10 above that that we are going to go to the Moon

Straight away that’s not how it works but there are certain markers certain levels on charts that when they break in a wave one yeah in an uptrend in impulse they would indicate to us that we will not get a nice and deep wave two any

Longer cuz we did get quite a few wave two Corrections ideally everybody is positioned who wants to get positioned and if you followed my videos over the last few months and actually years then you know that my expectation was for ethereum to go to 3,000 4,000 5,000 plus

Bull market Target actually 8 to 12K um it’s up there 8 to 12K that’s sort of what I see at the moment I could see a stretch to 18K but that is really really a stretch um I also had some concerns that ether might not do what I set out

For it to do basically you know um because it didn’t really start the engine in recent weeks or months but now it might be starting so again we see a little bit of upside upside pressure bit of a rally there it’s good to see but it’s that 78.6 extension level of

The previous one two setup that if broken will indicate we probably will not see a nice and deep wave too it would then mean that okay maybe the one two was down here extremely shallow something that’s not um let’s say common but in crypto it is sort of

Common but you never know when we finally get this sort of melt up phase where in a third wave it just rips okay and that could be the the the initial signal would be a break above um 3,100 so that’s just something I’m observing in parallel so I cannot let’s

Say predict that but I can tell you which the what the level is that if broken will tell us we in a very strong and aggressive Trend and that we might not get this wave to pullback I will probably start um or stop watching for such a deeper pullback as soon as we

Cross that level as soon as we cross that range and Elliot wave really gives us that context and tells us that that is probable okay and um at the moment however we still moving in this trend channel in this impulsive Channel only a break below the channel would be an

Initial indication that a top is in or a break below the last swing lows here at around 2,877 looking at the last um move up now I have to adjust the support area but just slightly it’s just a few dollars and the idea is yeah the market might

Not develop such a wave to pullback one is I think due but the market might not be generous enough to offer it so the trend is up against that range again it’s a support range it’s not a Target it will only start to become a Target

Once we get the a wave complete and the B wve and then we can calculate a target for the c-wave of that wave to until then the focus is on higher against those um well even against those micro support levels I mentioned here for

Example if I zoom in a bit the idea that against that green line we can focus on higher and it’s looking good I mean you know um The Wave four was probably in here yeah uh on the 21st of February and this wave five might be unfolding as an

Ending diagonal again I still keep the option open that we might get that healthy wave to but it’s starting to get increasingly unlikely but not yet I mean we want to get it above 3,100 and then it’s some point I will look at the structure and highlight okay

We probably won’t get that deep pullback you you will remember what Zulan at the end of the year or run it might be quite similar then of course at some point you know we will likely get maybe here that wave four that that is probably the next

Opportunity then to to add a little bit for for pullback Traders but it depends first on the $3,100 level at this level is likely going to be some resistance um if we if the market Market doesn’t really respect that level well then it could indicate that we just really um

Are in this let’s say some people call it the heart of a third wave rally really that melt up phase so it’s quite bullish quite a bullish assessment for ethereum um again the the channel might provide some more um guidance you know for the price and yeah quite a bullish

Um assessment and ether is really starting to um perform quite well so 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 also make sure that you follow us on Instagram and

Twitter for additional content thanks a lot for watching bye-bye