Photo by Kanchanara on Unsplash

Hello Crypto traders! In today's article we want to update Ethereum chart with ticker ETHUSD.

As you can see today, ETH made nice and clean five-wave recovery, which indicates for more upside, at least towards the April highs and 2200 - 2300 area or maybe even higher. However, currently we can see it making a new corrective setback, so after a triangle corrective pattern or deeper A-B-C correction that can retest 1900 support, be aware of more gains. If ETH slips below 1870 level, then correction can go deeper and more complex with the next support around 1800 - 1750 area.

(Click on image to enlarge)

One of the main reasons why ETH can stay in uptrend is also because of the bullish ALTcoins in current ALTseason we talked about already back on June 27th.

If you are interested in more analysis like this, you may want to watch our recording of a latest live webinar from November 27 below:
 

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