Freepik

Ethereum with ticker ETHUSD made an impulsive rally recently, which looks unfinished in the 4-hour chart. After a broken channel resistance line and testing of bullish confirmation level for wave 3, we can now see it making a pullback in wave 4. Ideal support is around 1500 level, from where we should be aware of a continuation higher for wave 5, while the price is above 1350 invalidation level.

If you want higher degree picture on cryptocurrencies and some linked stocks, then check our our video below:

Video Length: 00:42:40
 

More By This Author:

Bitcoin Is Unfolding A Five-Wave Impulse
Suncor Energy Has A Bright Future
Advanced Micro Devices And Nvidia Show Bullish Price Action