Ethereum: Local Top Soon?

 | Nov 09, 2023 01:44PM ET

Although we have been providing regular updates on Bitcoin (BitfinexUSD), as it is in a clear Bull run, we have not done so on Ethereum. Our last update was exactly three months ago: see here, but with the recent rally since the October 12 low we find, using the Elliott Wave Principle (EWP) that ETH completed a complex double zigzag Wave-2 correction and it should now be at the starting gates of a new Bull run, similar to BTC. As such we will now also update more regularly on Ethereum.

Figure 1. The daily resolution chart of ETH with several technical indicators