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 here we go again and ethereum is following the road map higher however um it gets less and less likely that we get this um wave two pullback okay in this overall up Trend so I start to assume that we are already

In the midst of a third wave rally um for final confirmation I would like to see a consolidation ideally above the 78.6 extension level that we’ve just broken through which is here a key for me it’s a key a key pivot really that level 3,100 better would be

3,135 because this is the last breakout point we’re going to see that on the 1 hour chart But ultimately um I mentioned already week ago that honestly if this level breaks above 3,100 that is one of these levels that not many analysts know about or it’s not widely used but the

78.6 extension level of the previous one two setup when that’s broken yeah when that’s broken it typically indicates that we are not going to see any further detailed subdivisions and that instead we are going directly directly in a third wave and where could it take us well the minimum Target for the third

Wave we talk about Circle Wave 3 here is the 1. 1236 extension at $3,800 that’s why I often say 3,800 plus but the ideal Target is or the first ideal Target is the 1.38 extension at $4,063 absolutely crazy ether is doing it ether is performing and I was already

Starting to worry that we wouldn’t see great ether performance but in indeed it’s following through which is great okay so um we might still see a wave two pullback at some point but um if we see further sustained price action above that 3,100 or more specifically 3,135 level and if the next

Consolidation is above that level and the price stays above that level well then I’m impressed and it I mean it wouldn’t do anything unusual but it would mean that we finally on the move and the East BTC chart suggests something similar so I cannot make it

More obvious than I’ve made it in the last few weeks it is a bullish chart we expected to get to around about 3,800 plus essentially for a bull market Target 8 to 12K is a reasonable Target the eth BTC chart looks bullish eth is starting to outperform bitcoin I did

Send another update through um to Gold members earlier today on the E BTC chart because it seems to be reversing again for a pullback uh before then probably the rally of the rally starts I would say and it’s GNA get interesting I mean it’s really getting going to get

Interesting and the um next targets are mentioned let’s take a look at the shorter time frame I actually don’t know if I’ve got the East chart open uh that’s East BTC um all right let me just open it again got too many windows open here it’s uh so

E right let’s look at the eth short-term chart and I mean the levels haven’t changed really I’ve just um shifted some of the wave labels but it starting to look as if we are on the move because literally I’ve run out I’ve run out of

Waves now um to the upside and I could say okay you know maybe maybe here the last move to the upside in this upside extension could be wave five 5 of one next upside micro resistance is at 3,236 I would give it one final chance to reverse there for wave two okay again

You know I’m not saying a wave two deep pullback will happen those times might be gone mentioned that don’t expect it we can really only expect it as soon as the market gives us a signal which means at least a break below micro support and the micro support level that I mentioned was

$3,029 that level needs to break so we get a first early indication that wave two is starting and we could get a pullback into the Wave 2 support zone between $2,350 and $2,740 that would be the ideal pullback zone now in terms of micro structure to

The upside once we or once the price is really established above that uh $3,100 level and once we well don’t if if we don’t even stop at two 3,236 then um I will will not add any further micro counts only way it’s obvious instead I would just track the

50% retracement level which is going to be our support level because if this chart is really moving in the midst of a third wave rally so basically if we’re already in circle Wave 3 I can just take out all these micro structures don’t need it it’s just that third wave and I

Can then use the fips to calculate support because it has to be adjusted frequently based on the price and a mistake many people make is they exit too early in a third wave rally something that I’ve talking about all the time so you normally don’t want to

Do that you want to write the trend until the end and then just shift up the relevant support levels the micro support and if that level breaks it indicates that yeah something more bearish is going on now let’s go back to the east there there it is uh to the

East chart yeah and I think we talked about the micro count I mean essentially here a fourth wave could have finished on the 24th of February we’re now in this fifth wave of wave one but we’re running out of space so it’s it’s now the time for it to either pull back or

Consolidate and then show a bit of a reaction there um to a resistance level to this resistance range and to start the wave two but you know if if it doesn’t start from here then it might be going to $3,800 more directly yeah that’s my update about ethereum hope you like the

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