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The crypto market is nicely and impulsively recovering with room for more upside towards all-time highs after any correction. Crypto TOTAL market cap chart is slowing down today, but still shows wave 4 correction, where ideal support comes here around 3.1T – 3.0T area. In case if wave 5 is alternatively finished, then next support for a higher degree correction is at 2.9T – 2.8T area.

Crypto TOTAL 4H Chart

Ethereum with ticker ETHUSD is sharply bouncing after we spotted the wedge pattern in wave C, so it looks like a three-wave ABC decline in black wave C is finished, and we are now tracking a new three-wave ABC rally within black wave D that can recover the price back to the upper triangle. In the 4-hour chart it's impulsively recovering, ideally unfolding five waves up into wave A, so after a wave (4) pullback, be aware of more upside for wave (5) of A up to 2800 - 3000 area.

ETHUSD 4H Chart

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