TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Ethereum (ETH/USD)forecasting the rally following corrective pullback

Ethereum (ETH/USD)forecasting the rally following corrective pullback
Elliott Wave Forecast TeamElliott Wave Forecast TeamElliottWave-Forecast.com

ETHUSD ended cycle from June 22, 2021 ($1700) low at September 3, 2021 (4025) peak and started pulling back. Rally from June 22, 2021 low was in 5 waves and hence we expected the pullback to hold above June 22, 2021 low for extension higher. We told members that pullback was a buying opportunity for at least 1 more leg higher and ideally for a break to new all-time high. Let’s take a look at some charts below to see how we forecasted the rally following the correction.

ETH/USD September 19, 2021, 4 hour Elliott Wave update

ETHUSD

ETH/USD September 22, 2021, 4 hour Elliott Wave update

Ethereum

Ethereum October 10, 2021, 4 hour Elliott Wave update

Ethereum

Ethereum October 31, 2021, 4 hour Elliott Wave analysis

Ethereum

Author

Elliott Wave Forecast Team

Elliott Wave Forecast Team

ElliottWave-Forecast.com

More from Elliott Wave Forecast Team
Share:

Editor's Picks

Ripple extends losses as derivatives interest cools

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.