Ethereum (ETH) is a decentralized, open-source blockchain designed for decentralized applications. It’s a global platform for financial services, games, and apps that prioritize privacy and freedom. As of 2023, it’s the second-largest cryptocurrency after Bitcoin. Ethereum runs various applications, including decentralized finance (DeFi) services, and its native currency, Ether, powers the network.

Ethereum with ticker ETHUSD is quite weak since December 2024 and it's ideally trading in a five-wave bearish impulse, so looks like it’s now on the way lower within subwave 5 of (3) with room down to 1500-1300 area.

ETHUSD Daily Chart

Basic bearish impulsive pattern shows that Ethereum can be trading in wave 5 of (3).

For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on March 31 2025:

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