Ethereum Elliott Wave Counts

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 Ethereum 4 hour chart


Analysis

Just like Bitcoin, Ethereum continues to move in a stealth downtrend which is a negative sign. The crypto is moving precisely in a falling red channel in a lower highs and lower lows.

As per wave theory, prices are moving in a double correction pattern (a-b-c-x-a-b-c) in which wave b on the lower side is pending, once completed wave c on the higher side will start.

The summation is Ethereum can falter towards $1100-$1000 over short to medium term.

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