Ethereum with ticker ETHUSD is coming higher after three waves down from 2023 highs, which can be wave 4 within a higher degree leading diagonal. Notice that price is trying to break out of a downward channel as well, so it seems that bulls can be in play and ready to gain much further, especially now when risk-on is back after FED and NFP data last week showed that rates are about to top.

For a detailed view and more analysis like this, you many want to watch our latest video analysis from live webinar recorded on November 06 2023 below:
Become a member
Get daily Elliott Wave updates for some major Digital currencies, FIAT currency markets, major stock indexes, gold, silver, crude etc. or apply for unlimited access to the Elliot Wave educational videos.
Elliott Wave Live: Stocks Bulls Are Back, But For How Long? Check our blog HERE.