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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 ether seems to have found its running shoes today and I have introduced a new uh structure or an additional structure that I’m now watching for primarily which is here on the 1 hour chart the White Wave count we

Want to talk about it and add a micro count as well um as you can see the white count is a more aggressively and direct bullish wave count how why you know why do I add it well um I explained to you in the previous videos over the

Last week or two that if we get a break above 3,100 and it’s a sustained break and I think we can call it like that at the moment but then we have to expect a more or less direct move to 3,800 $4,000 um yeah more directly and possibly even higher the micro structure

Actually suggests we could even see here wave three in white get to around about 4,345 or even 4,500 I mean essentially you know that I’ve been talking about um bull market targets 8 to 12K the micro structures shift sometimes so the micro targets you know sometimes I talk about 3, 800

4,000 will we have to adjust these micro targets um regularly based on the latest extensions but overall the idea is that ether is a bullish chart you know that um but it has a little bit of catching up work to do compared to bitcoin I think it might be starting we already

Have been watching the E BTC chart over the last few weeks and we might be reversing there so this is interesting ether so ethusd has broken above 3,100 so could go more directly so with that break above 3,100 we could go Direct directly without any deeper pullback

That’s what I communicated that if we get that break above 3,100 I will not stop watching for a deep pullback but it will only become the alternative so that is why I’ve added here um this count and it seems like we’ve seen a shallow wave

Two a very shallow wave two and the wave three is now unfolding that’s wave three of wave three tomorrow we can take a look at the daily chart again we did that earlier today so feel free to check out one of my earlier videos today but uh then you’ll see how that is

Integrated but the idea is yeah I mean we could still get this wave to I mean you need to consider that Bitcoin is already much further ahead than ethereum and if Bitcoin gets a correction at its next Target which is around 55.6k maybe a little higher extensions are always possible so maybe it

Stretches to 5658 but at the moment um it should still stretch a little higher so if Bitcoin then forms a correction it could possibly take ether into this wave too however if ether Finds Its running shoes now then it could come in the third wave

All the way to yeah 4,500 maybe and then they could both together correct in a way for Bitcoin and ethereum because the Bitcoin chart is then also due away for correction not yet should still push a little higher it only broke out today so I’m I’m primarily watching the white

Count here when would I switch back to Yellow that is always very important to understand um well I will switch back to yellow with a break below 2,877 those swing lows here that formed around the 20th of February and um yeah be aware that obviously the yellow count

Before was the primary but it’s very important to understand that the trigger for Wave 2 yeah the the signal that wave two starts obviously that signal was never triggered so I gave you clearly a level that needs to break to to to indicate the start of wave two and um

Against that level until that level breaks you know I highlighted to you further extensions have to be expected I always prefer not to fight the trend I don’t want to guess when a trend ends I rather when we in an uptrend I rather give you the key levels that need to

Hold for Trend continuation or if we formulate it differently the levels that need to break that indicate a pullback to be honest a pullback is not even a change in Trend it’s yeah on the shorter time frame but it’s literally just a coold down period in an overall uptrend

And the bullish structure so yeah I mean the eth chart is finally playing out its bullish potential here which is good to see um it has more work to do though because as I said if it doesn’t catch up with Bitcoin now on this distance here

Then um yeah it might still do its wave two even though it would then be a very long wave one so again it’s not an exact science as I said it still takes a break below that 2,877 level to suggest wave to has started until then however now I’m

Primarily watching the third wave extend due to this sustained break above 3,100 what exactly is a sustained break it’s a little subjective okay again markets are not there there is no rule you know it’s it’s all probabilistic so I can only tell you you know where probability is

There very Dynamic it’s very fluid um that can change again but at the moment that would be my view and I gave you upside targets I gave you the key support and if wave two happens then the support area I might need to adjust it slightly just slightly the support area is between

2,355 and 2,757 that’s my update about ethereum 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 channel membership also make sure that you follow us on Instagram and

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

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