Ethereum Elliott Wave technical analysis [Video]

ETH/USD Elliott Wave technical overview

• Function: Trend Following.

• Mode: Motive.

• Structure: Impulsive.

• Wave Position: Wave 3.

• Direction (next higher degree): Pending Confirmation.

• Wave invalid level: Not specified.

Ethereum – Trading strategy

Ethereum has shown a strong push in wave (3), followed by a consolidation phase forming either a running triangle or a flat correction. This suggests readiness for wave (5), potentially the last part of this bullish sequence. The third wave concluded near $2,736.32 with clear extension properties, while current movement suggests positioning within wave (4).

Trading strategies

• Main strategy:

  • Short-term swing traders

    • Monitor the $2,350–$2,400 range for possible price reversals.

    • Risk control:

      • Place stop-loss orders beneath $2,320 to protect against structure breakdown.

ETH/USD Elliott Wave technical overview

• Function: Trend Following.

• Mode: Motive.

• Structure: Impulsive.

• Wave Position: Wave 3.

• Direction (next higher degree): Pending Confirmation.

• Wave invalid level: Not specified.

Ethereum – Trading strategy

Ethereum’s sharp movement in wave (3) has paused into a consolidation that looks like a running triangle or a flat formation, hinting at the build-up for wave (5). The extended wave (3) completed at $2,736.32, while wave (4) is shaping up, potentially ending soon and setting up the final bullish push.

Trading strategies

• Main strategy:

  • Short-term swing traders

    • Focus on the $2,350–$2,400 area to gauge price movement.

    • Risk control:

      • Position stop-loss under $2,320 for safety against structural reversal.

Ethereum Elliott Wave technical analysis [Video]