Ethereum doesn’t look very different from Bitcoin and they both seem to be doing the same thing. In the weekly chart, we see Ethereum in a complex correction (W-X-Y-X-Z) and ETH seem to be in last leg (Z) or correction which seem to be forming as abc out of which a and b look complete….
Ethereum has been moving as per my previous post in 5 waves down impulse. 3rd wave has sub-divided and we currently seem to be in wave iv which is forming a triangle. We should be close to completing wave iv, following which we will get wave v and ETH should complete the wave 3 down….
ETH has broken the wave 1 down’s low so we are now in wave iii of larger wave 3 down, which should be followed by wave 4 bounce and wave 5 down continuation. As per waves equality, wave 3 will be equal to wave 1 around 1250. So that’s the minimum we’re expecting though wave…
Here is daily chart of Ethereum. From the recent top made on 14th August, ETH has fallen in clear 5 waves which tell us that near term trend is down. We currently seem to be in corrective wave 2, though it might already be over since it has retraced 38.2% which is the minimum we…
Among the big ones, Cosmos (ATOM) is one of the few cryptos that managed to give a monthly positive close for August. Most others including BTC, ETH, SOL et all, closed negative. Surprisingly, the other one that gave a positive close was SHIBAINU, though just barely. Seems like ATOM has higher relative strength. Typically, the higher the…