Elliott waves crypto analysis – Buy Ethereum around 466.35

ETH –

Wave Analysis

Last week, Ethereum broke out below the hourly support level 466.35, but ended up closing again above it. We expected a perfect pullback to the just broken level to pick a low risk buy position, but instead, the price rallied even higher. We’re still waiting for this pullback to pick a long position. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should breakout above 618.17 towards 866.70 or even higher. We may only recommend a sell position below 466.35.

Trade Recommendation.

Buy Ethereum around 466.35 towards 618.17.

101% Double the volume

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