Short term Elliott Wave View suggests that the rally from February 28, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from February 28 low, wave (1) ended at 1658 and pullback in wave (2) ended at 1443.77. Internal of wave (2) subdivided as a zigzag where wave A ended at 1527.09 and wave B ended at 1602.45. Final leg wave C of (2) ended at 1443.77.
The crypto-currency has resumed higher in wave (3). Up from wave (2) low, wave ((i)) ended at 1597.27 and pullback in wave ((ii)) ended at 1513.72. Ethereum then extended higher in wave ((iii)) towards 1696.25, pullback in wave ((iv)) ended at 1630.39, and wave ((v)) ended at 1756.73. This completed wave 1 in higher degree. Pullback in wave 2 also ended at 1665.76. Ethereum has started wave 3 higher where wave ((i)) of 3 ended at 1858.85. Wave ((ii)) pullback is now in progress as an expanded Flat and while pivot at 1443.77 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
The all-time high is on February 20 high at 2040.62. Until Ethereum breaks above this level, a larger correction can’t be ruled out in the form of a double correction. A break above February 20 high however should confirm the next leg higher has started.
Ethereum (ETH) 45 Minutes Elliott Wave Chart
Ethereum (ETH) Elliott Wave Video
FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators hint at correction
Bitcoin and Ethereum are approaching their crucial support levels on Monday; a firm close below would lead to a correction. Ripple price follows BTC and ETH as it nears its ascending trendline; a close below would lead to a pullback ahead.
XRP poised for 15% decline following Ripple's April 16 cross-appeal brief request
XRP's price remained weak on Friday following Ripple's filing to the US Court of Appeals for the Second Circuit. Ripple seeks to submit its cross-appeal brief by April 16 after the Securities & Exchange Commission filed its appeal brief last week against Judge Analisa Torres's ruling.
Ethereum co-founder Vitalik Buterin labels political meme coins as perfect bribery vehicle
Ethereum co-founder Vitalik Buterin released a critical view on political meme coins, stating they represent an effective bribery vehicle. Buterin argued they are dangerous to democracy and only cause short-term excitement.
Ripple News: DNA Scientist claims XRP could reach $1,000 if Trump makes this $34 Trillion move
XRP price prodded above the $3.15 mark on Friday, up 13% since Trump’s inauguration. Speculations around US adoption of cryptocurrency for strategic reserve has sparked optimistic predictions among market watchers.
Bitcoin: BTC holdings of large investors surges as Trump takes the Oval Office
Bitcoin (BTC) trades in the green and hovers above $105,000 on Friday after hitting a new all-time high of $109,588 on Monday. CryptoQuant’s weekly report highlights that the demand for BTC from large investors surges as US President Donald Trump takes the Oval Office.
Trusted Broker Reviews for Smarter Trading
VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.