Most of ALTcoins have already jumped/spiked up, it's time to take a look at the Crypto indexes.

Image by WorldSpectrum from Pixabay 

Crypto Total Market Cap is trading in wave (5), but there's still room for slightly higher levels to complete a five-wave cycle of the lower degree. But, on the other hand, we see ALTcoin market cap already finishing a five-wave cycle within wave (5).

Crypto Total Market Cap 4h Elliott Wave Analysis

(Click on image to enlarge)

Ethereum (ETH-X) is coming even higher in the 4-hour chart as expected, but notice that it's running out of steam, so we are still tracking the final stages of a potential ending diagonal (wedge) pattern within wave (5) that can stop here around 5000 level and from where we should be aware of bigger and deeper decline at least in three waves. A broken channel and 3900 level would be definitely signal for top/resistance.

ETHUSD 4h Elliott Wave Analysis

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