Hey traders,
Some of the altcoins are recovering very nicely today, with Ethereum being no exception. In fact, we’ve seen a pretty nice consolidation on ETH over the last three weeks, and it looks like it’s breaking to the upside right now. I wouldn’t be surprised to see more gains unfolding into wave five of a five-wave advance away from the April lows.
Targets around 3000 and even 3300 could be quite interesting, especially if we consider the big gap that dates back to February.
GH
Some of the altcoins are recovering very nicely today, with Ethereum being no exception. In fact, we’ve seen a pretty nice consolidation on ETH over the last three weeks, and it looks like it’s breaking to the upside right now. I wouldn’t be surprised to see more gains unfolding into wave five of a five-wave advance away from the April lows.
Targets around 3000 and even 3300 could be quite interesting, especially if we consider the big gap that dates back to February.
GH
Trade closed: target reached
ETH filled the gap and and hits C=A target last week. HS target is still higher but can a bit of a challenge to get there, considering the trendline resistance from 2021 
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Learn Elliott Waves
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.