Ethereum Chart Analysis | Is a New Rally Coming?

In this video I break down the current Ethereum price action and analyze the structure of the recent pullback following the June rally. I examine how the market is respecting key channel boundaries and assess whether the ongoing decline indicates a further breakdown or a potential stabilization within the existing trend.

I explore the current Elliott Wave counts to help you understand the potential paths for Ethereum. By evaluating the microstructure of the recent move, I explain why the market remains in a state of consolidation and identify the critical support and resistance levels that will dictate the next major trend direction.

This update provides a objective look at the Ethereum chart, focusing on technical setups and the lack of impulsive price action. You will learn how to monitor for a possible 1-2 setup to the downside and why maintaining a cautious outlook is essential while the asset continues to trade within this sideways range.

Timestamps:
0:00 – Ethereum price channel analysis
2:13 – Evaluating wave scenarios
4:13 – Support and trendline outlook
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