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 the ethereum chart
continues to be in this correction that
already started that already started
yesterday um so we’re going to take a
look at the structure here this is
unchanged okay so as as I said before as
long as we’re moving here in this range
really there isn’t really much new
additional information that we could use
to identify What’s Happening Here on the
chart I mean at the moment I’m still
tracking the same patterns they haven’t
changed it still takes a five wve
advance to
$3,770 as shown here in yellow to really
confirm that a low has formed um in wave
four here on the 13th of April
we need that five wve pattern to evolve
and at the moment it’s uh we only have
three waves not even okay so it’s it is
a three-wave rally but to consider it as
part of a larger five-wave move that
third is really only 50% where it needs
to be so that needs to go higher and
ideally that third wave reaches
3,624 then we get a wave four pullback
and a wave five Rally from there at the
moment this is just yeah it could be
anything really um but the analysis
helps us to understand which levels need
to hold to keep this yellow count alive
to keep alive the thesis that the wave
four could have bottomed so that’s the
bullish count short-term bullish okay so
a wave down B wave up C wave down and
then this is now a leading diagonal 1 2
A B C of wave three then four five that
would give us a five wve move in a
diagonal pattern in the short-term
bearish count we would have topped here
in the wave yesterday and we’re now
coming down in wave C and might reach
2,600 and
2,500 somewhere there we’re going to
zoom in in a minute yesterday I already
posted it here if you’re not following
us yet on um on Twitter X then feel free
to do so you get the latest updates I
did actually realize I only posted one I
only posted one ethereum update
yesterday um usually I make two videos
or maybe three but at the moment not
much is going on so I limit it a bit but
I realized oh only one but I did update
um on X yesterday with an intraday
update so feel free to follow us there
just make sure please you follow the
correct account there are some
impersonators around so just make sure
that you follow the correct one you find
the link in the description I did post
yesterday as the price was coming down
there already that um for the white
count then the for the white count if
that’s unfolding the B wve has topped
but that we’re watching this support
region between
2950 and 3,140
if there is a reaction and so far the
the support region at least
generated support it created support you
never know I mean these are just
Fibonacci levels right but always often
like through magic the price indeed does
respect them as you can see here if I go
to the 15minute Chart you can actually
see how the price did find support at
this sort of magical line it’s not magic
it’s just mathematics um and provided
that that level generated some initial
support but that’s not necessarily
enough to say that we’ve bottomed there
and as I said in the yellow count we are
observing if this is a b-wave pullback
could have unfolded as a flat structure
might get one more low absolutely
because there’s currently no impulsive
reaction so we have to on on these
smaller time frames we have to obviously
obviously be um let’s
say more Dynamic you know we have to be
on our toes all the time and that’s why
we track these structures also intraday
if you want to get you know additional
updates feel free to check out our gold
membership then you get notified if
anything changes or anything but for now
this here seems like still unfolding
c-wave off wave B and yeah could turn
into something more bearish but that’s
why we’re tracking the 2951 level at the
moment I can tell you there’s no
evidence the low is in so probably we
might get one more low to 365 or
318 a health the b-wave
is okay but shouldn’t go and sustain
below
2951 and as long as this area is holding
I’m watching for higher in wave C below
that level that’s basically the key
level that distinguishes between bullish
momentum bearish momentum but please be
aware we’re just moving in a Range I
mean this could easily extend out you
know there plenty of options you know um
that that could unfold here still you
know it’s just the corrective when you
have backto back corrective price
section you always get a lot
of yeah sometimes extensions and so on
the thing is again a possible triangle
pattern was invalidated with a push push
here higher that’s why I rarely track
triangles these days because they often
get invalidated they just don’t form
because I I know a few analysts were
tracking a triangle here but they again
typically when you have only two waves
there’s no point tracking a triangle it
could turn into 10 other patterns really
so I’m leaving this as a possible ABC
structure in the white count if we break
below 2951 which would be then further
confirmed with a break below 2865 as
long as that level however is holding
here the orange support region it can be
the yellow count and I give it the
benefit of the doubt but the problem is
when we don’t have five wve pattern for
example here to the upside probabilities
are rather unclear okay Elliot wave
needs five wve patterns because the five
wave pattern is the minimum number of
waves really that we need to identify an
uptrend with three waves you can’t and
that’s not only what Elliot wave tells
us that’s just common sense with three
waves there’s no progress five waves are
needed so that’s why we need that and at
the moment this could just continue to
be corrective price action so don’t get
too excited yet but if there is a
balance it should happen from this
region maybe after one more low that’s
my update about ethereum hope you like
the update if you did please hit the
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for additional content thanks a 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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