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 take a look
at what the ethereum chart has done
since yesterday I don’t think we have
seen any significant changes let’s take
a look at the short-term bullish and
short-term bearish scenarios on e chart
difference here to the Bitcoin chart is
that Bitcoin put in a lower low compared
to the one that was formed on the 13th
of April ether hasn’t okay so I would
definitely prefer one more low here for
eth in this white micro structure to
complete this entire Decline and then
form a lower low below this a-wave low
from the 13th April because if we don’t
form a lower low then we don’t have a
very clean bottoming structure and it
would keep the door open for the yellow
scenario which is short-term bullish but
overall will introduce a lot more
uncertainty so let’s talk about the
short-term bullish count first which is
for now the alternative interpretation
so in this scenario the we’re looking at
a possible ABC structure from that low
on the 13th of April in which we’ve
already seen yellow wave a we’ve seen
yellow wave B and if we now see a break
above initial resistance at
330 then this would indicate that wave C
in yellow is
unfolding in this scenario we might just
see the price head into the
$3,500 region or so but in a larger
corrective wave it would indicate that
this B wve which presumably topped on
the 28th of April is not finished yet
and has never finished and we just get
an extended B wve that’s possible as
long as this low is not below this low
from the 13th of April it’s already
retraced a lot so this is not highly
probable and therefore only the
alternative and has only been the
alternative from the beginning but still
um I have it there because the charts
have been so much motivated to more you
know to to morph all the time that we
just need to be aware that this is a
possibility we also need to know okay
what would be the pathway that the chart
would most likely take if we see a break
above that
$3,030 level now short-term bearish is
the white scenario in which we forming
here a wxy pattern so from this 11th no
what was it 12th of March High we’ve
seen wave W to the downside wave x to
the upside and the Y wave is now
unfolding and the Y wave is an A B SE
structure and the seawave should get one
more low maybe two and the reason reason
why I say maybe two is that one more low
needs to see the price get below the
13th of April low and also what I
mentioned to you before the ideal Target
for the seawave is actually the $2,500
level so I’m not entirely sure if we’ve
already seen all of wave three of C so
it might be that we get more than just
one more low the the entire white zone
could be considered a Target Zone here
and one more low is important because it
would most likely Drive the price below
this 13th of April low and only if that
happens we have a clear bottoming
structure and then minimum requirements
for this decline are fulfilled from a
structural point of view from a you know
from a Fibonacci extension point of view
surely we could see a little bit more
downside possibly see the price stretch
to 2,600 and 2,500 for example but you
know with one more low at least
structurally the minimum requirements
for this entire decline would be
completed and then what we’d like to see
is a break above resistance even now if
the price breaks above resistance we
have an early indication that at least a
local low is in place and that would be
then the yellow scenario if now a rally
forms without forming that lower low
it’s most likely yellow and it would
need a break above 330 to indicate that
this is happening but it takes a
socalled one two set two setup to
confirm that what’s the one two setup
well it is a five-wave move up above
resistance so we need five distinct
waves and then a three-wave pullback
because this c-wave is a five-wave move
so it would look most likely be 1 2 3 4
five and we need to see this one two
setup that the wave one needs to be
large enough to break above resistance
or it’s just not useful okay yeah that’s
my update at the moment about ethereum
hope you like the update if you did
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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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