Ethereum Crypto Price News Today
Ethereum (ETHUSD) Technical Forecast – Elliott Wave Analysis
ETHUSD Elliott Wave Analysis – Daily Chart by TradingLounge
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Invalidation Level: Not specified
Ethereum's price rallied strongly through May, reaching a peak at $2,790. According to our Elliott Wave count, this marks the completion of Wave I, indicating the onset of Wave II, a corrective phase. Typically, this correction is deeper and lasts longer than the previous impulse wave.
Ethereum (ETHUSD) Trading Strategy – Daily Outlook
- Swing Trade Opportunity (Short-Term Traders)
Monitor for a reversal within the $1,830 to $2,000 support zone. Entry confirmation requires visible buying activity. - Risk Management
Stop-loss level: Not Available
ETHUSD Elliott Wave Analysis – 4H Chart by TradingLounge
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Invalidation Level: Not specified
This short-term view on the 4-hour chart aligns with the daily outlook. The correction from the $2,790 high indicates a classic Wave II pattern, offering swing trade opportunities as prices move lower toward key zones.
Ethereum (ETHUSD) Trading Strategy – 4H Chart
- Swing Trade Strategy
Observe the $1,830–$2,000 price range for bullish reversal signs to confirm trade entry. - Risk Management
Stop-loss level remains undefined.
Technical Analyst: Kittiampon Somboonsod, CEWA
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