Ethereum resumes its recovery [Video]

Gregor Horvat Wavetraders

Hello Crypto traders! Ethereum with ticker ETHUSD is moving nicely as expected since last update we shared with our members on June 13.

It made a very nice five-wave impulse into wave A, meaning that bulls are here and likely to take the coin even higher if we consider the drop from 2900 to 2440 is in three waves (A)(B)(C) that belongs to wave B correction.

We can see a strong and impulsive rebound from projected 2100 support area, which means that wave C can be now in full progress. After recent projected bullish setup formation with waves (1) and (2), we can now see it in a bullish resumption within wave (3) of a new five-wave bullish impulse, so we can expect more gains towards 3k area.

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Ethereum Price Forecast: EF outlines ways to solve growing state issues

Ethereum price today: $2,920. The EF noted that Ethereum's growing state could lead to centralization and weaken censorship resistance. The Stateless Consensus team outlined state expiry, state archive and partial statelessness as potential solutions to the growing state load.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP correction slide as BoJ rate decision weighs on sentiment

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are extending their correction phases after losing nearly 3%, 8%, and 10%, respectively, through Friday.