Ethereum Elliott Wave analysis: Limited gains ahead

Ethereum remains slow and sideways.
Unfolds bearish running triangle within wave B.
Limited intraday gains seem before another decline.

Gregor Horvat Wavetraders

As per Elliott Wave analysis, ETHUSD remains slow and sideways, so we are still tracking a bearish running triangle pattern of wave B, which can be now nearing the end as we are tracking the final wave E, so be aware of limited intraday gains and watch out for another decline that can send the price back to lows for wave C.

However, in case of a bigger recovery above 2400 or 3000 levels, then we are still observing a bigger flat correction within wave B as part of the ALTernate count.

ETH/USD 4h Elliott Wave analysis chart

Finally, another ELLIOTT WAVE OPEN DOOR Event is here. See all of our charts FREE for 10 days. Join us at Elliot Wave Forecast!

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

XRP steadies in narrow range as fund inflows, futures interest rise

Ripple is trading in a narrow range between $1.45 (immediate support) and $1.50 (resistance) at the time of writing on Monday. The remittance token extended its recovery last week, peaking at $1.67 on Sunday from the weekly open at $1.43.

Crypto Today: Bitcoin, Ethereum, XRP trade within range amid low retail interest

Bitcoin, Ethereum and Ripple continue to exhibit subdued volatility, consolidating within narrow ranges at the time of writing on Monday. Persistent low retail participation and weak technical structures limit the chances of any extended upside price movements.