Ethereum

Ethereum – One last mile to go…?

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Hello everyone,

Since my last analysis about ETH, we saw version 2 pushing through (please check link below). It seems that the region between 188$ and 120$ is an important key-level (basement). From an Elliott-wave perspective I would think that the last wave 5 of 5 of Y of 2 isn’t completed yet, so we have eventually the last mile to go in front: 120$ as a perfect turning- and entrypoint.

BUT: if 120$ will not hold, eth will go down to about 80$ or even 50$. We should keep that in mind and assess this later on, when we have more information about the wave structure.

Take care,
tgo

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