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 so ethereum
continues to form higher highs and
higher lows we haven’t even seen the
price break below one of the previous
swing lows so it’s possible that wave C
of three has started
okay so let’s um talk about this micro
structure this really just a quick
intraday update and there are two
potentials still that I’m tracking here
on the chart first one which I’m
following at the moment because the
price is um has formed obviously here an
ABC structure to the downside so this
wave four correction that we’ve been
observing since the middle of March has
or could have completed I don’t want to
say it completed because we don’t have
the evidence yet on the chart okay but
it is one of the potentials and
reasonable interpretations as long as
this red line is holding the price is
holding above the red line
2865 as mentioned in the previous videos
as long as this level is holding we can
follow the yellow count which allows for
a bullish interpretation and we would
need to see for further Val validation
that the third wave in yellow reaches
3,624 and the fifth wave
3770 these five waves need to fill for
me to say that with confidence the wave
four completed had this been a five-wave
move up I would be more confident but we
haven’t seen five waves up here this was
only a three-wave move and therefore I
need to see the next larger degree and
price action to the upside is clearly
corrective very very clearly that’s not
bearish but it means that I need to see
five waves of the next larger degree
because this could just be a leading
diagonal unfolding in five waves Wave 1
as an ABC pattern wave two as an ABC
pattern wave three as an ABC pattern
wave four and then wave five as well and
this white Box gives you the relevant
levels to watch um I highlighted in the
previous video that it’s possible that a
b-wave pullback started and well I think
it did it’s possible as long as today’s
intraday low is holding but that’s a a
big if
um so you know if this is holding then
we could say that the seawave to the
upside has already started with a very
very shallow b-wave pullback but that
also requires a successful breakout
above
3,300 to confirm which is this wave one
high that’s what I want to see really
and that c wve up could take us to
3,624 maybe even higher I mean the 3,624
level is the first ideal Target for a
third wave okay but based on the micro
price action we can then look for the
100% extension that’s the first ideal
Target for the seawave and that’s very
close together so 3570 that is could
always go a bit higher and that very
well fits together actually so therefore
I’m assuming maybe wave B bottomed and
if we can hold today’s low break above
3,00 300 that’s an area to watch then we
still need a fourth wave and the fifth
wave to confirm that the low is in so it
is also possible that in the white count
we are rallying in a b-wave as mentioned
before as long as we see only three
waves up it can still be a b-wave rally
consider that for the b-wave there are
few relevant levels to watch especially
here um the one:1 ratio so if it’s a
b-wave
that’s unfolding here which could then
result in a c-wave Down Still okay in a
more complex wxy pattern the $3,400
level is relevant can also go higher but
I can’t really consider a b-wave anymore
if we get five waves up so that’s sort
of okay we have to be picky here you
know I can’t just say okay you know no I
have to be objective and as long as it’s
only a three-wave move there is the risk
that we come down in wave C again but
that would require five waves down and
within those five waves obviously once
we see a first one two setup to the
downside so wave one down wave two up
holding a lower high then the third wave
down could happen and that would be the
major
selloff so at the moment situation
hasn’t really changed it’s possible that
it’s uh that the price formed an
extremely shallow b-wave
pullback not invalid or anything
extremely shallow just that’s sometimes
what B waves do especially on smaller
time frames you have to expect
Distortion sometimes it was certainly
only a three-wave pullback so again that
always keeps the door open for
higher and um yeah but next breakout
point is clearly defined here and then
from
3,300 to
3,400 that’s sort of the next jump the
price would then make if we get a
breakout yeah that’s my update about
ethereum hope you like the update if you
did please hit like button leave a
comment and subscribe and if you really
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lot for 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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