Foreign [Music] Welcome to another update video about Ethereum so ethereum might already be in This third wave now Um it is pushing it broke above this Last swing High That we had here at 1267 that was the First signal that I mentioned in the Last video Um that things are changing oh no Actually the first signal was the break Of the descending trend line yeah small Inverse Head and Shoulders you can even See that Um see see it like that that was the Very first signal that I mentioned in The previous video if we break above That this is the first sign that we are Starting the third wave of course a very Weak sign no further confirmation yet But then the next one was the break Above that 12 um 67 level broken and Since then we've already moved up nicely To around 1280 now Um and what would be the next Target for The Bulls the next Target for the Bulls Will be the wave B High which is at 1305. yeah so this will be relevant and Then we can move up in the third wave of The third wave and assuming It's a weak wave too if this was a wave Two but it's okay so let's say this is Really the low of a wave two then the
Target that ethereum would need to put In Would be Uh ideally I mean ideally it's 1493. That seems very ambitious I'm very Honest with you so that would be the Ideal Target I'm not entirely sure if we actually get There so I'm a bit Um yeah be a bit careful with that I I Won't rule out that this could still be Some kind of a way for you because this Is the Bitcoin count But it would be a very very uh strong Way for I mean it retraced quite a bit Yeah I mean I'd rather look at the Region of the one to one ratio more like The 1400 level just feels that it makes More sense I mean pushing from here to 1500 it seems a lot it seems a lot we'll See I mean let's be honest if we break Above This resistance um Range here yeah Which is sitting between yeah basically 1270 and 1290 I mean I guess this is Where most of the resistance is sitting Okay then you have to take out the 1305 Level but then I think we can really Move up quite quickly so it will be Interesting What's gonna happen here next I mean This could be just a pure simple weekend Fake idea we'll see Um therefore we need to break above the 1305 level because theoretically it
Still could be a c wave which is still Moving on further Um and this might have been only the one Two setup of it yeah you can see at the Moment only three waves up so one two Three four five to hit maybe a very low Retracement so it's not nothing is for Sure here or for certain yet but Certainly the short-term trend is up we Even have got What do we have Got a bullish crossy of those moving Averages that's of course a very Short-term signal the um They're only based on the hourly chart Then we broke above that third um the 12 Uh 67 high so at the moment by all means You know this this could be already off The third wave a small one two set up Here with the third app happening at the Moment Given the strength of this it might not Be too unlikely Um Also Looking at just this it could be Something like this which is happening Now yeah and if we say That this indeed is the Target and we Take the length of the wave one target For the third wave here the smaller Third wave of the third would be around Thirteen hundred dollars so that's the Next Target for the Bulls certainly but
Yeah that's everything I can tell you at The moment um short-term upside is still There as I said before no reason to Um No reason to see it otherwise at the Moment as long as we hold above 1185 That's the key level here the 78.6 FIB Level of that move as long as we're Holding above 1185 we can generally Focus on higher and yeah maybe towards The weekly camera close we'll see a bit More volatility and a decision about how The next week is going to move okay and That's my update about ethereum I hope You like the update if you did please Hit the like button leave a comment and Subscribe and if you really like the Content then please check out the Channel membership thanks a lot for Watching bye [Music] Thank you