Hello Crypto traders! We talked about bullish Ethereum back on June 13, where we mentioned and highlighted that it’s slowing down within a correction within an uptrend. CLICK HERE
Ethereum with ticker ETHUSD 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.
As you can see today on July 03, 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.
Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.