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 ethereum is really trying to uh to go okay um at the moment the idea is that we could still see this wave to pullback here on the chart so obviously we’ve got this I mentioned in yesterday’s video this nested so-called

Combined series of one two setups on the chart I always have my problem with these because there are just too many of them so it’s either very bullish or it’s something different like a large ABC structure or so but as long as we’re holding relevant support levels there’s

No reason to change this perspective and I showed you yesterday some ideas about um diagonals and and b-wave pullbacks I also did a deep dive into the long-term ethereum chart in our Channel membership live stream if you’re interested in that check it out you can always watch the

Recording we talked a about the long term and also what happened um here you know in 2022 and the bare Market 20 um you know before obviously here and we really did a deep dive into these structures here 2018 lows and so on um also about a couple of different

Potentials here on the way up so don’t miss this if you’re interested in the different potentials because there are some other options that could unfold here but this is the one that I focus on primarily uh the thing is though and that’s what I’ve been highlighting um

For the last few weeks or so that if we get a sustained break above that $3,100 level that it is probably already the direct pathway higher in the wave three of the wave three that we are not going to get another nice one two setup in

This case the one two was Tiny down here which happens um and it is just sort of I mean both counts are bullish it’s just that in one of them we we probably won’t see a pullback um I explained in detail in previous videos why and showed you

Some other examples like Solana did something similar end of last year um run did something similar right and ether could be next it’s it’s just that it tries to go I see the potential on the East BTC chart and it’s not only a potential it’s actually happening right

Now as it seems so the 78.6 extension is typically like a magical level for that okay uh for me yeah people might say okay is it already sustaining above 3,100 not for me I mentioned in previous videos that we need to be a bit careful here you know it’s not an exact science

That’s one thing it clearly hasn’t established itself yet and also please consider the difference between Futures markets and spot markets and the difference between different exchanges so just because of a few dollars I would not um get all excited but yeah probabilities are high that it’s going

To go directly but if it fails it should fail from this region okay so looking at the eth uh USD chart smaller time frame then by the way I yesterday made a video about the eth BTC chart as well so feel free to check it out if you’re interested um but yeah e

USD shared with you yesterday as a small micro count here that has limited use the micro count but um the idea is that from the 23rd of January low the market has formed a five wve pattern to the upside which could already have topped I

Mean if if it’s the case that wave one topped it’s either possible here I did have it on here before with a question mark wave one yeah because you can count five waves up to this High which formed on the 20th of February then we have an a-wave down an overshooting b-wave

C-wave down in this case we might not come down that much but um to be honest these overshooting B waves get on my neres so it might not be um it might not be that yeah yeah but they happen very often um in in bullish markets but I

Would rather say that’s why I took it off the chart that the wave 1 is still unfolding but sort of in the last on its last uh legs basically so we have a five wave move up and even the fifth wave has basically five waves up so as I said if

It fails from here it or if it fails it should fail from here I mean what means failing right so at least pulling back into um a larger wave two support area which I think I have to adjust going to adjust that support area yeah it’s now between 2344 and

2720 this Wave 2 support area and um an ABC pullback could send the price back into this um support region but I need to see minimally a little bit of um a signal right to to confirm that this Wave 2 is unfolding actually and obviously I shared with you that micro

Count here in which a wave four bottom possibly on the 20 24th and the fifth wave is unfolding now but also here the wave count is technically full again doesn’t mean it has to pull back now but as soon as we see a break below that previous wave four low at

3,25 it would be an early signal that this Wave 2 is unfolding or at least the top of sords is in place and against that level we can focus on higher directly it would then also take a break below $292 to confirm further that this wave two is unfolding until that happens I

You know be aware that this can easily extend and as I said we might just be it might just go directly to 4,000 plus yeah but ether’s chart um besides that hasn’t really done much uh since my last update 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