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Ethereum Elliott Wave analysis: Eyes down towards 2400 area

Ethereum Elliott Wave analysis: Eyes down towards 2400 area
Gregor HorvatGregor HorvatWavetraders

As per Elliott Wave Analysis Ethereum, ETHUSD turned sharply down in the 4- hour chart after we noticed 5th wave and completed five wave cycle. So, after that break below channel support line, seems like a new minimum three-wave decline can be now in play at least back to 2400 area for wave (C) if not even lower towards 1700 area for wave (3).

Ethereum 4h Elliott Wave analysis chart

Ethereum Elliott Wave Analysis

Check more of our analysis for currencies and cryptos in members-only area. Visit EW-Forecast for details!

Author

Gregor Horvat

Gregor Horvat

Wavetraders

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

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Ethereum Elliott Wave analysis: Eyes down towards 2400 area