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 very very
boring price action I don’t think we
need to to talk about the 1 hour chart
again I really just want to give a quick
update on the smaller time frame very
repetitive so we’ll make it uh make it
short um until we break out finally out
of this range that is defined here in
terms of the you know the green and the
red lines there isn’t really much to
report
here I think there is a bit more upset
pressure than downside pressure because
we’re holding above Fibonacci support
there you can see the Fibonacci support
levels defined between
2,950 and
3,114 but really we haven’t really seen
a substantial reaction to that micro
support area here and really for the
price to give us the next indic ation
that indeed here this correction
finished on the 13th of April I need to
see that seawave rally to the upside
from here I need I really to see that
c-wave rally at the moment I’ve got this
wave one got this wave two this here
looks very much super boring
overlapping um yeah just unreliable
price action really so we don’t have
that confirmation that we need to say
okay the low is in in wave two it’s um
in my opinion here an a wve I’m tracking
that as an a-wave might call that a
leading diagonal could be wave a or
could be Wave 1 for wave 1 is a bit too
long um but also because this move up is
a three-wave move it makes sense to
consider this an a-wave of a larger
diagonal then this could be a b-wave
pullback with an overshooting b-wave and
then seawave up I mean there’s not much
you know Clarity here I’m sure you could
find some other interpretations here
that might apply of course I’ve got the
white count as well which suggests all
of this could just be an ABC structure
okay so like a wave up B wve down C wve
up in the white B wve and then we break
down that’s similar to the let’s say
short-term bearish count to bitcoin
really only range bound movement and
super boring I mean for the last couple
of weeks not much happened it’s just
sort of range Bound in this in this you
know in this Zone really and um it takes
a break above the 3,000 $300 level to
really confirm we’re following further
the yellow count I mean it’s all about
continuously respecting the parameters
and and you know when we deviate from
those okay what would be the alternative
so if the price breaks above 3,300 it
would actually confirm that yellow count
I’d like then to see that seawave rally
into the region around
3,600 then we could get a wave four and
away five and uh a break below support
and if we break below that support area
2950 it should send us down most likely
into the lower support area there
probably around 2,600 $2,500 in that
case it would be more clearly that the
um you know it would be more evident
that the B wve there in the white count
has actually topped and we’re coming
down in that seawave here
in yeah it’s just that it takes a break
below support to to confirm that further
and then we also have the red line which
is just structural support around 20 and
also the invalidation point for the ab
scenario here yeah that’s at 28 70 or 65
that would confirm that white scenario
to the downside further so that’s what
we the problem here is just moving in in
sideways um corrective up and down
movements again backtack price action
you can’t really interpret that as a
triangle because um the last move here
which topped on was it Wednesday yeah
this was a little higher than the
previous one so that will rule out a
triangle but I can consider a diagonal
can’t consider an Impulse because
there’s nothing impulsive about this and
there’s no way to confirm that we’ve
bought him there’s a range simple range
we need to see the breakout we have to
be patient until the market finally
breaks out lots of indecision at the
moment and yeah maybe we’ll see a little
bit of volatility today let’s hope so
but not much more to report on the
levels or anything but overall I have a
bullish thesis obviously don’t think the
bull market is over but it just takes a
while to get through these Corrections
so that’s my update about ethereum hope
you like the update if you did please
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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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