Ethereum-Update, Approaches The Boundary, Next Assessments!

2021年3月25日

Hello Traders Investors And Community,

Welcome to this update-analysis about Ethereum, we are looking at the 12-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. As mentioned in the former analysis there was a great likelihood given that Ethereum continues with its wave-count within the schedule and in this purpose with the development of the wave C which also happened now with Ethereum showing up strong bearish encounters also in the local timeframes. In this case, now I discovered important signs that will be a determining factor within the next times and show further alignments, therefore I detected all the important levels and likely destinies we should consider.

Structural Developments:
As when looking at my chart now we can watch there how Ethereum mainly moved into the ascending-trend-line determining the lower-boundary of the whole triangle-cluster-formation, this is an important support and when Ethereum manages to bounce here it will give a high likelihood that it is the origin of the further wave-development and therefore the wave D to show up that will approach the upper-boundary and test to pullback and move on with the final wave E that will complete the wave-count and will show up with the major decisions either to the up or downside. In this case, it will be highly important to elevate how Ethereum approaches the lower-boundary finally and if there comes a sustainable bounce or the bearish pressure is just too high.

Upcoming Determinations:
Taking all these factors into consideration Ethereum is in a situation now where the final conclusions of the main triangle will show up within the next times before the proper determinations can be made. In this manner, it is of utmost importance to keep patient and wait for the proper confirmations before finally moving in the right direction rather than overspeculating the market and rushing into trades. Especially the last times have shown one more time how highly volatile the cryptocurrency market keeps and how swiftly changes occur. Therefore it is necessary to properly line-up and keep advancing also into the short-direction as we have managed it within the channel. It will be shown how the dynamics for Ethereum develop further.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.

2021年3月25日

註釋

Origin-Analysis: