Hello traders ! In this article we’re going to take a quick look at the Elliott Wave charts of Ethereum ETHUSD published in members area of the website.  As our members know ETHUSD has given us nice bullish trading setup recently. We got a pull back that has ended at the Blue Box zone,our buying area.  In the further text we are going to explain the Elliott Wave Forecast and trading setup.

ETHUSD Elliott Wave 1 Hour  Chart 12.19.2024

Ethereum is currently in a correction, forming an Elliott Wave Double Three pattern. The structure is still incomplete, and the pullback is creating lower lows. ETHUSD is likely to drop further into the 1139.8 – 2788.3 range (blue buying zone).

We don’t recommend selling ETHUSD and prefer looking for buying opportunities. From this zone, ETHUSD is expected to either rally to new highs or make a 3-wave bounce.

Once the bounce reaches the 50% Fibonacci level relative to the (X) high, we’ll move the stop loss to break-even (BE) and take partial profits.

Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.

Quick reminder on how to trade our charts :

Red bearish stamp+ blue box = Selling Setup
Green bullish stamp+ blue box = Buying Setup
Charts with Black stamps are not tradable. 🚫

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ETHUSD Elliott Wave 1 Hour  Chart 12.26.2024

ETHUSD made an extension toward our buying zone: 1139.8 – 2788.3  as expected. The crypto found buyers at the Blue Box , and we got a good reaction from there. The bounce reached 50 fibs against the (X) connector. As a result, traders who entered long positions are now enjoying risk-free profits. With the price holding above the 3099  low, we expect further strength to follow.

Dear traders, before you sign up, reach out to our sales department at vlada@elliottwave-forecast.com. We’ll make sure you’re getting the best deal possible with exclusive discounts and offers. Don’t hesitate—send us an email and let’s get you some savings

(Click on image to enlarge)

Elliott Wave Forecast

Thank you for exploring our ETHUSD Trading Setup. While we analyze 78 different instruments, it’s important to understand that not every chart is a trading recommendation. Therefore, for our official trading recommendations, we invite you to join us in our Live Trading Room. There, we provide actionable insights in real-time. If you’re not yet a member, you can take advantage of our 14-Day Trial to discover new trading opportunities.

Over time, we have refined a reputable trading strategy that accurately defines entry points, stop losses, and take profit levels. Consequently, by joining us, you will have the opportunity to learn from market experts and improve your trading skills.

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