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 let’s talk about
the short-term support and resistance
levels and as well as the short-term
bullish and bearish scenarios here on
The Ether chart the pullback from the
last swing the last the last larger top
okay the pullback was quite strong we
have retraced from that
$3,360 high down to round about
$2,800 and this still allows for the
interpretation of the yellow scenario
which is a more substantial ABC
structure in an in a larger b-wave so
this b-wave never topped which
presumably in the preferred count topped
actually here on the 28th of April but
this might still be unfolding you know
to really Annoy Us this is what the
market might do but this is the
short-term bullish count and it would
not really change the overall
expectation would still indicate that
we’re in a larger correction and that
this larger correction is still a WX y
structure but it would change from an A
B C as shown in white to a larger a b c
okay that’s absolutely possible in that
case the price might rally short term
above
3,360 which is this bwa top to maybe an
area sort of between
3360 and
3,730 which is the x-wave High um more
specifically what we’d be looking for is
the 100% extension level of yellow wave
a and then we talk about it’s not much
higher actually yeah maybe maybe well
there you go it it starts at
3,360 then we’ve got 3,510 3,600 as next
upside targets but only if I see a first
impulse to the upside that breaks above
initial resistance and what kind of
resistance that is we’re going to take a
look at that now in the white count we
would expect one more low at least to
complete this seawave that started at
this b-wave top end of April zooming in
to the detail you can see that the
parameters haven’t changed at all I
think in the in the last video earlier
today we talked about that wave four
potentially started already this is
possibly the case um not entirely sure
about it but it’s possible that here
we’ve seen a low in Wave 3 of c and bear
in mind that I mentioned to you
yesterday that it’s likely that this
third wave will within the c-wave is
extending we’ve seen that normally the
first ideal Target for a third wave is
um the 1.38 extension we’ve gone below
that that was
2,931 the next downside targets were
here listed in the let’s say Target zone
four Wave 3 um but it could still be
that the third wave gets one more low I
can make the case for one more low in
wave three doesn’t need to happen okay
it’s just that um if I look into the
micro this could be a small one two 3
four five and then we get one more low
but I mean we then really looking at the
the smallest time frame and the analysis
here gets you know obviously very
uncertain then so there you go the
resistance area has not changed as well
so in case we now rally a bit higher and
spend a bit of time in this resistance
area I would first see this as Wave 4 as
an ABC structure which might reach
2,980 or
$3,030 and then from there one more low
if we break above resistance it is an
early indication that yellow wave C is
unfolding okay and this would be an
indication only a break above resistance
is not confirmation that a low is in
place it’s only a first indication it
takes a five wave move up followed by a
three-wave pullback which we consider a
so-called one two setup to confirm it so
that means this year would need to be 1
2 3 4 5 a b c and then I can say okay
the low was probably in if we only get
um messy rally now even if it breaks
slightly above resistance low wasn’t in
for a very clean five wve move down I’d
like to see the price get rejected in
the resistance area and form at least to
one more low possibly carrying the price
down or taking the price down to round
about 2,600 maybe even a bit lower um it
is possible as I said that the third is
still extending but if we now move a
little higher spend a bit of time on
Resistance then I would I would call
that already the way for yeah so the
parameters should be clear 330 is really
the first main resistance level if that
is broken to the upside we can explore
if a more substantial low is in place
but it takes that so-called one two
setup to confirm it
against the
$330 level downset pressure remains high
and further downset is expected but
that’s the pivot between bullish and
bearish momentum that’s my update about
ethereum hope you lik the update if you
did please hit the like button leave a
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lot for watching
bye-bye for

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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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