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 the ethereum chart has pushed further into this larger Fibonacci Zone up there between 3,30 and $3,236 we see that the market Peak today at around 3,128 and we want to talk about the structure here and um let’s first of all

Start here obviously with this wave two low that formed on the 23rd of January that’s I think clear um then we had here a wave one a wave two that was the W the low on the 1st of February a third wave top wave four I’m going to shift that

Slightly in a minute and then one more High and wave five um I’m still watching for a potential top here and a potential start of a wave two pullback I don’t want to confirm you know what I said in the last video that we um if we get a

Sustained break sort of around or above the 3,100 region it gets more and more likely that we go up more directly without any pullbacks and yeah absolutely but I don’t see that as a sustained break yet especially around the weekly candle you can get some distortions on the chart so let’s see

How the weekly closes but um a break below 3,100 would definitely keep the door open for that Wave 2 pull back here let me zoom in a little bit first of all let’s look at the micro structure up here and I think looking at the latest structure it seems more likely that the

Four actually fin finished here and I’ll take that question mark wave one off now we don’t need that alternative perspective the idea is that either yeah well I have to say that this wave one is basically still unfolding so the up trend is obviously still unfolding which

Is okay it’s just the question okay is this actually still a wave 1 or are we already in a larger third wave as I showed you in the last videos let me just open the daily chart again for all new viewers but feel free to check out

My last video in which in which I was a little bit more specific about the longer time frame as well but obviously here you see how the market is trying to push above that 78.6 extension level very important and as I said if we can sustain there then it’s very

Likely that we don’t get a wave two pullback anymore or it’s going to be so shallow it’s hardly noticeable right so that’s sort of there are some of these important markers on the charts not many Elliot wave analysts use these but I found them very very reliable if certain

Levels break then it indicates that we see a much more direct extension higher um but let’s see I mean I mean let’s see I mean you know at the moment this is it just literally just happened and we haven’t even got the daily closed or the weekly um it’s

Late Sunday so I’m interested to see what the weekly candle does it’s clear that the uptrend is still unfolding so my commentary from previous video stands that I need to see a break below 2,000 um 877 to suggest that Wave 1 is topped now that level has changed now with the latest High

I’m now looking here at the 2,96 level and I see the move up as a fifth wave still of wave 1 and based on this structure here let’s check if we can add another Fibonacci Target for this move to the upside and what we do we take the length of wave

1 go to the low of the wave four and we can look at the 100% extension level that points to 3,200 they are just micro levels now um obviously the 3,100 level I mentioned that is still relevant okay but I still need some local resistances here we can look

At another way of measuring is to take this and that actually is quite High 3,300 we’ll see I mean I think at the moment the next ones are well 3,100 is broken then 3,200 and 3,236 but yeah it’s looking more and more bullish I also shared with you the

E BTC chart in one of the few of the last few videos going to the 30 minute chart this obviously a bit tricky here to to try to to label that um but we can give it a go just in this last move to the upset obviously we’re looking for a

Five wve move as well ideally and start already to get tricky here when we want to identify where exactly did it start so but I’d say we’ve got a small one two there then this would might be another one 2 3 4 yeah it might be an ending diagonal

For example one second not didn’t want to do that might be an ending diagonal but bear in mind these micro counts are so unreliable because there are many options that might have even then been here the one two and then so and then if we label also the internals here it’s

Probably good to say this could be a one two a long three four and the five yeah okay so might actually not be diagonal but rather look like an um like an impulsive count okay so we have this 1 2 then 1 2 3 4 5 and we could not be

In the last squiggles higher but we’ll see I mean again that gives us at least a micro level to watch and which one is that it’s the previous swing low the way for low at 330 really the earliest indication that some kind of a top in

Place would be a break below 3,30 I think we can work with that uh let’s see how it develops overnight I 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

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