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
is still in the same structure so still
this sort of ongoing sideways correction
bitcoin’s chart is much more interesting
because on the Bitcoin chart we’ve seen
a potential um five wave Advance
obviously here from the Thursday low to
the high uh that was also formed on
Thursday then a pullback into a micro
support area and maybe this is now the
next wave up which could be wave C of
two in the white count or the third wave
in yellow um but bottom line is we had a
support Zone here price reacted another
one here price is reacting now on the
ethereum chart this is much more well
messy because on this chart looking at
the micro patterns yeah here on this
chart We have basically we’re discussing
and we well we have to deal with the
question if the larger degree fourth
wave already bottomed on the 13th of
April or if we get one more low as per
the white count which would just be a
reset of this wave for a little bit
lower and I can tell you that H It’s
Tricky especially here on the Bitcoin
chart we at least have a five wve move
up from yesterday’s lows so I’m going to
zoom in in a minute and take a look at
this but overall also here we said we
give the yellow count a
chance we give the Bulls the benefit of
the doubt but the probabilities are
fairly balanced because we’re still
ranging but we holding above micro
support so the problem is on this chart
that from the 13th of April low this
rally was not impulsive it’s a
three-wave rally so we can say we give
it the benefit of the doubt we can
follow that bullish count that the low
is in but be aware that below
$2,952 this will become far less likely
and if we then see a break below the red
line at
2865 even less likely and the formal
invalidation point is then down here
that’s the low of the 13th of April the
problem is whenever we don’t have a five
wve Advance probabilities are just
extremely balanced and yeah then it’s
typically not wise to be too aggressive
in trading it’s just the range at the
moment now looking at the price
structure then we can say this was a one
two setup bit of a hopium count this
could have been an a wave up B wave down
and now the C wve up this is then 1 two
3 so ABC in wave three because it’s a
diagonal pattern okay that’s what Wave 1
was an ABC structure as well and we
could get a four and a five which would
also be an ABC structure that that’s
sort of what we are tracking there at
the moment um on the chart as long as
we’re holding support yeah below
2,952 I would have to assume that in the
white count that b wve already form the
top so basically a wave down B wave up
in three waves it’s a corrective
structure and then the c-wave down would
follow it’s a bit ambiguous looking at
the shorter time frame count I really
have difficulties to call that a five
wve move that’s not clearly bullish so
yeah I’m not um I can’t really say this
looks in any way impressive Bitcoins was
a bit more interesting this is a
corrective move so I cannot really
confidently highlight that the B wve
bottom it might have would be further
confirmed with a break above the
Thursday high at
3,192 but there isn’t anything I would
label here this is just not clear yet
yeah I could put some labers here but I
wouldn’t have any benefit it’s a
three-wave rally that c-wave could turn
into anything like an ending diagonal so
we leave that open for now the support
area remains relevant and it would be a
good bullish let’s say confirmation if
the price could break above the
Wednesday High here at around
3,291 first indication that a low of
sords is in place would be a break above
3,191 but overall nothing really
exciting here nothing really to add
unfortunately the support area is clear
parameters are clear and really the
price can really only confirm that a low
was made on the 13th of April if all
five waves are filled in and five waves
need to form and break above
3,773 so I need to see five waves reach
the 1.618 extension that’s my update
about ethereum hope you likeed the
update if you did please hit the like
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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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