ETHUSD
After tonight's exhilarating events, and a new ATH reached for ETH/USD, It's finally hit a formidable resistance.
We're entering our 5th and final wave for our brewing Elliot Wave, while ETH is cooling off and establishing a support zone around our 1420 range.
We were met with a heavy resistance at 1470, and are currently in a short descending wedge pattern.
ETH has been attempting to break from it's descent but has since lost steam from our FOMO buy earlier in the evening, which was to be expected.
Once we see ETH break it's descending pattern-- likely within the hour, we can expect around a 1500 support to be formed, and yet another ATH of 1550+.
All things considered, we've seen this crypto preform astronomically, and with our February 8th BlackRock ETH Futures release, I have no doubts we're
capable of seeing ETH skyrocket to a minimum of 3500 for a baseline.
Keep an eye out for the break in the wedge, that's your last chance to buy before we go, yet again, sky high!
Happy trading!