Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. Ethereum the last times as already mentioned in previous analysis has shown up with some solid bullish alignments within the new all-time-high regions and it is the one coin besides Bitcoin holding such measurements within the new regions as not each is showing such formations and new highs to approach, therefore I detected all the important levels and likely destinies we should consider within Ethereums established structure and the upcoming movements ahead next times.
Structural Developments:
As when looking at my chart we can watch there how Ethereum has now emerged with this major ascending-channel-formation marked in blue in my chart, besides that Ethereum has developed this coherent wave-count within the formation already completing waves A to C fully within the structure and now emerging with the wave D that will run directly to test the confirmational-bounce-cluster marked in blue in my chart where several supports coming together and building this main support layers, when Ethereum then manages to bounce decisively within this zone it will be a great origin of the wave E to the upside to develop which will finalize the whole wave-count in the schedule and potentially lead to the protraction of wave E.
Upcoming Determinations:
Taking all these factors into consideration now Ethereum is in a situation where it advanced sufficiently within the new all-time-high regions and managed to move higher, now it is the case for Ethereum to validate further continuations with the right price-actions as suggested, therefore it is necessary to elevate the proper scenario confirming out of a trading perspective before finally moving into the direction, there is a possibility given however this possibility is not high for now nevertheless it should also not be underestimated as the dynamics can also change more fastly especially within the volatile cryptocurrency market, for now, it will be important how Ethereum proceeds with the wave-count, it will be an interesting journey.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. Ethereum the last times as already mentioned in previous analysis has shown up with some solid bullish alignments within the new all-time-high regions and it is the one coin besides Bitcoin holding such measurements within the new regions as not each is showing such formations and new highs to approach, therefore I detected all the important levels and likely destinies we should consider within Ethereums established structure and the upcoming movements ahead next times.
Structural Developments:
As when looking at my chart we can watch there how Ethereum has now emerged with this major ascending-channel-formation marked in blue in my chart, besides that Ethereum has developed this coherent wave-count within the formation already completing waves A to C fully within the structure and now emerging with the wave D that will run directly to test the confirmational-bounce-cluster marked in blue in my chart where several supports coming together and building this main support layers, when Ethereum then manages to bounce decisively within this zone it will be a great origin of the wave E to the upside to develop which will finalize the whole wave-count in the schedule and potentially lead to the protraction of wave E.
Upcoming Determinations:
Taking all these factors into consideration now Ethereum is in a situation where it advanced sufficiently within the new all-time-high regions and managed to move higher, now it is the case for Ethereum to validate further continuations with the right price-actions as suggested, therefore it is necessary to elevate the proper scenario confirming out of a trading perspective before finally moving into the direction, there is a possibility given however this possibility is not high for now nevertheless it should also not be underestimated as the dynamics can also change more fastly especially within the volatile cryptocurrency market, for now, it will be important how Ethereum proceeds with the wave-count, it will be an interesting journey.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.