Ethereum (ETHUSD) Should Find Buyers in 3, 7, or 11 Swing

Elliottwave_Forecast
2023-12-19

Ethereum (ETHUSD) Should Find Buyers in 3, 7, or 11 Swing

December 19, 2023 By EWFHendra

Short Term Elliott Wave View in Ethereum (ETHUSD) shows that it has ended wave (3) at 2401.18. Pullback in wave (4) is currently in progress as a double three Elliott Wave structure. Down from wave 93), wave (a) ended at 2324.3 and wave (b) ended at 2374.78. Wave (c) lower ended at 2142.28 which completed wave ((w)). The crypto currency then corrected in wave ((x)) as a zigzag structure. Up from wave ((w)), wave (a) ended at 2257.38 and wave (b) ended at 2146.35. Wave (c) higher ended at 2331.34 which completed wave ((x)).

The crypto-currency then turned lower in wave ((y)). Down from wave ((x)), wave (a) ended at 2204.42 and wave (b) ended at 2255.08. Wave (c) lower ended at 2114.22 which completed wave ((y)) of W. Ethereum is now correcting cycle from 12.9.2023 high in wave X as a zigzag structure. Up from wave W, wave ((a)) is expected to end soon, then it should pullback in wave ((b)), followed by further upside in wave ((c)) of X. Then, as far as pivot at 2401.18 high remains intact, the crypto-currency has scope to see further downside in a larger double three in wave Y.

Ethereum (ETHUSD) 60 Minutes Elliott Wave Chart

Ethereum (ETHUSD) 60 Minutes Elliott Wave Chart

Ethereum (ETHUSD) Elliott Wave Video

Source:https://elliottwave-forecast.com/news/ethereum-ethusd-find-buyers-3-7-11-swing/

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Comments

  • Mathsoares10
    2023-12-21
    Mathsoares10

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  • Sonsonkok
    2023-12-21
    Sonsonkok

    Great ariticle, would you like to share it?

  • Harves
    2023-12-21
    Harves

    Great ariticle, would you like to share it?

  • Huatster
    2023-12-21
    Huatster
    Great ariticle, would you like to share it?
  • LittleLiger
    2023-12-21
    LittleLiger
    Great ariticle, would you like to share it?
  • KSR
    2023-12-20
    KSR
    👍
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