Elliott Wave Technical Assessment of ETH/USD: A Deep Dive into Trends

Ethereum/ U.S. dollar(ETHUSD) Day Analysis

ETHUSD Elliott Wave Technical Analysis 

The Essence of the Current Trend

  • Functionality: Trend-Following

  • Behavioural Mode: Motive Phase

  • Pattern Structure: Impulse Formation

  • Current Positioning: At Wave 5

  • Future Projections: Aiming towards wave ((3)) of the next higher echelon

  • Critical Threshold for Validity: Nullification level not specified

Insightful Details: The analysis suggests that Wave 4 might have reached its completion, setting the stage for a resurgence in price during Wave 5.

Strategic Approach to ETH/USD Trading:

Ethereum's trajectory is characterized by a consistent uptrend, propelled by an Impulsive wave pattern. Presently, the market is in a phase of recovery from the fourth wave correction, anticipating an ascent in the fifth wave. Traders should monitor for lucrative opportunities to capitalize on this fifth-wave surge.

ETH/USD Technical Indicators Analysis:

  • The trading price positioning above the 200-day Moving Average (MA200) signals a robust uptrend.
  • The Wave Oscillator's bullish momentum further corroborates the optimistic outlook.

ETHUSD-Daily-crypto-...


Ethereum against U.S. Dollar: Elliott Wave Analysis on the 4-Hour Chart

Ethereum/ U.S. dollar(ETHUSD) 4-Hour Chart Analysis

Elliott Wave Technical Analysis of ETHUSD

ETH/USD Elliott Wave Technical Overview

  • Functionality: Trend Adherence

  • Behavioural Mode: Motive Phase

  • Pattern Structure: Impulse Pattern

  • Current Positioning: At Wave 5

  • Anticipated Direction: Progressing towards wave ((3)) at a superior degree

  • Critical Threshold for Validity: Not mentioned

In-depth Analysis: Similar to the daily chart's insights, the 4-hour chart analysis indicates that Wave 4 is potentially complete, and we can expect a price increase as we enter Wave 5.

ETH/USD Trading Strategy Insights:

Echoing the larger uptrend, Ethereum’s journey on the 4-hour chart exhibits a motive sequence, currently recovering from the fourth-wave dip. This recovery is the precursor to the anticipated rally in Wave 5, suggesting a strategic window for traders to engage with the upcoming uptrend.

Technical Indicators Review:

  • A position above the MA200 is a clear indicator of an uptrend, affirming a bullish stance.
  • The positive momentum signalled by the Wave Oscillator aligns with the forecasted upward movement.

Technical Analyst: Kittiampon Somboonsod

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See Previous: AAVE/ U.S. dollar(AAVEUSD)

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ETHUSD-4Hr-crypto-ch...


By incorporating these insights into your trading strategy, you can navigate the Ethereum market with a keen understanding of Elliott Wave principles. Keep a close eye on technical indicators and wave patterns to optimize your trading outcomes in the ETH/USD pairing.

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