Technical Analysis

Ethereum Is Coming Higher As ExpectedJan 11, 2024

We talked a lot about bullish Ethereum in the last couple of months and it’s coming nicely higher as expected. Just two days ago we updated an Etherem chart with our members, where we mentioned and highlighted a completed complex W-X-Y corrective movement in wave (4).

Ethereum Is Coming Higher As Expected ETHUSD 4H Chart From January 09
ETHUSD 4H Chart From January 09

As you can see, it’s now even extending the rally, as Traders Bet on Possible ETH ETF Next. Looking at the 4-hour chart, it’s coming nicely higher for wave (5), which should be completed by a five-wave cycle of the lower degree, so more upside can be seen, at least up to 2700 – 2800 area or maybe even higher.

Ethereum Is Coming Higher As Expected ETHUSD 4H Chart From January 11
ETHUSD 4H Chart From January 11

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