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Ethereum recovers towards 3000-3500 level

Ethereum recovers towards 3000-3500 level
Gregor HorvatGregor HorvatWavetraders

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

ETHUSD

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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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