As per Elliott Wave analysis ETHUSD is making a bigger recovery ahead of hard fork, ideally an A-B-C flat correction into a higher degree wave B. But, we are already tracking final stages of wave C of B that can find the resistance around 3000, maybe even 3500 area, from where we should be aware of strong bearish reversal back to lows for a higher degree wave C
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!
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
Crypto Gainers WIF, SPX, HYPE: Meme coins soar with Bitcoin’s recovery to $106K
Crypto market bounces back as Bitcoin (BTC) reclaims the $106,000 level at press time on Tuesday, resulting in a refreshed rally in top meme coins such as Dogwifhat (WIF) and SPX6900 (SPX), and Pepe (PEPE).
Meta shareholders turn down Bitcoin treasury reserve proposal as its stock soar on AI plans
Meta (META) shareholders opposed a proposal to adopt Bitcoin as a treasury asset, with more than 95% voting against the idea, according to a filing with the Securities & Exchange Commission (SEC).
Ripple price forecast: XRP price could hit $1.76 this week amid potential 20% correction
Ripple (XRP) faces legal uncertainty in its battle with the United States Securities and Exchange Commission, and the XRP price continues to slide. At the time of writing, XRP is trading at $2.1540, down 1.20% in the day.
Bitcoin: BTC dips as profit-taking surges, but institutional demand holds strong
Bitcoin (BTC) is stabilizing around $106,000 on Friday, following three consecutive days of correction that have resulted in a near 3% decline so far this week. The correction in BTC prices was further supported by the profit-taking activity of its holders, which has reached a three-month high.