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Thursday Update 02.02.2023 -ethereum

Ethereum 8H (Bitfinex) - Microcount

After our update on bitcoin we can fortunately focus on Ethereum which is less complex in its wave movements and the whole structure resembles a three wave (a-b-c) correction very good.

Like we stated in our Tuesday update we estimate that Ethereum established an expanded flat and the upcoming purple (c) wave should move down in a wave 5 impulse. As everyone can see on the chart, Ethereum managed to slightly break above the last high at 1679$. Nevertheless we think that this isn’t a confirmation of our alt.(i) and we remain on our opinion that this movement is a wave (b).

I will monitor Ethereum in the next hours closely and if we should push further beyond 1679$ I will update you with a bullish count regarding alt.(i)!

Long Ethereum (ETHUSD)



LONGERM Target: +8’000$

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