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
has shown an initial reaction to our
micro support Zone here let’s just talk
about the micro patterns here because
honestly not much is going on as you
know it’s really really mind numbing
very very boring um so we have a few
differences to bitcoin’s chart here okay
which are I think noteworthy of course
as you know also from previous updates
it’s entirely possible that the fourth
wave correction bottomed here on the
13th of April based on that assumption
we are now in a fourth in a fifth wave
to the upside okay fourth wave bottomed
by the way I will change the wave degree
here
so fourth wave bottomed and then we are
now in the fifth wave to the upside what
is shown here as a five wve increase is
a road map that the Bulls need to follow
and order to confirm that this fourth
wave indeed bottomed on the 13th of
April the low would have been then at
around
2,765 we’ve seen a rally however only in
three waves this rally has been unable
to form a new high so this High remains
intact we have seen a corrective
pullback that kept the door open for
higher however only in a diagonal
pattern not in an Impulse which always
leaves probabilities a little bit
questionable and unclear because this
rally was a three-wave move so the only
way to count this from a bullish point
of view is to assume this is an a wve of
a third wave this here could have been
the b-wave pullback we talked about it
we’ve seen an initial reaction to the
support region all good and if the Bulls
can take the lead now a third wave rally
should take us to
$3,625 but then we we still need another
4 five pattern the fifth wave should
reach
3,770 so until we see these five waves
yeah we can follow that pattern but it’s
just not clearly directly
bullish and we need to break above now
the newly added initial resistance area
which I’ve added today it’s between
3,180 and
3242 a break above it would already
indicate that yeah we could be in the
seawave to the upside but it also takes
a break above
3,300 the green line here to confirm
that further then we can look finally
towards this target until then there is
risk for the white count to play out in
this case this is an a BC structure CWA
should send us down lower to maybe
2,500
$2,600 if we zoom in you can see how
this is subdividing because it’s
possible that it be wave top there we
had a wave one to the
downside yep reacted also to the support
region but then the rally from
yesterday’s low was only in three waves
okay that’s the main problem here so
that’s different to bitcoin so it was an
a-wave possibly in only three wave
b-wave pullback maybe we get a c-wave up
maybe not even guaranteed well
guaranteed anyway it’s not nothing is
guaranteed but it’s not even probable
because the a wve was only in three
waves bitcoin’s a-wave was at least in
five that shows more strength but in the
end we’re dealing here with 15minute
chart so you know it’s it’s it’s uh they
are less reliable but if we get one more
High here in wave C that could still be
all part of the bearish wave to which
could lead to a third wave breakdown so
it’s a bearish setup okay so we have a
bearish setup here on the chart
and doesn’t really matter so much what
I’m leaning to I’m fairly neutral here
at the moment because of all this mess
but a seawave should take us to
3,220 ideally okay obviously if we get a
break below yesterday’s low I think then
we’re breaking down more directly but
this looks this looks as if it could
work out in the white count but when we
get into the resistance area pay
attention to the levels and if we get a
break above
3,242 it might be a first indication
that we also try to attack and break
above the green line that’s my update
about ethereum hope you like the update
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content thanks 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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