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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