Ethereum ETH Price News Today – Technical Analysis Update, Price Now! Elliott Wave Price Prediction!

Ethereum ETH Price News Today – Technical Analysis Update, Price Now! Elliott Wave Price Prediction!

[Music]
hello and welcome to another update
video about ethereum yeah the ethereum
chart has really not moved much since
yesterday we have seen a dip below the
ascending wedge patterns lower boundary
line so I’m going to zoom in in a minute
but overall um yeah really really boring
important I think is to mention that for
everybody who’s new that like similar to
the Bitcoin chart we could still be uh
we could still get another low okay I
don’t want to rule that out this price
action is clearly not bullish I mean
let’s say it’s not clearly bullish it
could be bullish but it could also still
allow for one more low that’s the
problem it’s very ambiguous at the
moment not sure what the market is
really waiting for Bitcoin also looks
very much tortured don’t know what it’s
doing it’s um it’s just waiting for I
think Bitcoin I mean most of these coins
are are waiting for Bitcoin to make a
decision I guess at the moment also here
I mean this just shows exhaustion you
know indecision just sideways movement
and that’s just not really clearly
trending to the upside but it is
possible that this correction is over we
can count it complete the count is
technically full now just because count
is full doesn’t mean the correction is
over from here we would need to see a
first five wve advance to confirm that a
low has formed in wave four this move up
was not a five wve
Advance it was only three waves which is
for confirmation why I need to see five
waves of the larger degree so this could
be a one but it’s not really suitable
for confirmation this could be a two now
I need to see a 3 four five and that
means I need to see all five waves to
round about 3,770 to confirm that a low
is formed in wave four and then if the
higher low holds afterwards we can also
add a nice um support Zone to watch then
this could act as a nice trade setup but
for now we don’t have these five waves
and that for one I mean leaves the door
open for higher prices in the yellow
count provided this level holds that’s
at
2865 but ideally even the orange micro
support area leads to a reversal it’s
defined between $3,089 and $29 41 so
what it means is we can watch now if the
price dips into this region if it reacts
to one of these communicated and
presented Fibonacci levels 2941 31 345
or
$3,089 from here a c-wave to the upside
could
follow and then we have three waves up
we still need a four five yeah in the
white count which is short-term bearish
there are plenty of possibilities
so this is a WX y structure and in the Y
wave we have an A B C maybe the c-wave
started already but it’s not very clear
so it could also be that this um what
we’re dealing with here at the moment
turns into a b-wave triangle maybe so a
and this is like a b-wave
triangle then comes down in wave C so it
can still definitely go lower but we
need to be watching those key levels
that I mentioned Okay so 2,941
and then the
2,865 level so it’s ideally it doesn’t
even break below the orange support Zone
if it’s bullish and wants to go
higher just adjusting that slightly
here yeah so the the main thing is this
is if this is a five-wave move as I said
the initial move up is a three-wave move
so also the third wave we know how long
a third wave should ideally be so
minimally the 1.23
extension at
3537 better would be the 1.38 extension
at
3624 and therefore we can say that okay
this hasn’t even made a new high here
this latest rally that started on Friday
so it’s most likely just the a wve in
the yellow count yeah just the a wve of
the third wave so can’t really clearly
be leaning towards okay the low is
already in um and now we could be
looking at a b-wave pullback maybe they
can sometimes be shallow b-waves are
very difficult very very chameleon like
structures and then if we see a first
reaction to support the seawave to the
upside might have started that takes
also a break above that last resistance
level here very important to confirm and
that level is located at
$3,300 yeah that’s my update about
ethereum hope you like the update if you
did please hit the like button leave a
comment and subscribe and if you really
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watching bye-bye

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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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