Note the large triangle forming the 'B' wave, and the smaller triangle forming the 4th sub-wave of the 'C' wave.
The 'C' wave lost momentum and failed to carry the price to a low. But all the steps are still there, so I think it's complete.
Elliott Wave theory says the top of the 5th wave will often form a trend line with the 1st and 3rd waves.
If the current uptrend continues for even a few more weeks, it's heading to around .5 (not .05, .5, i.e., POINT FIVE). That would put ETH's cap at about 2.8 times that of Bitcoin sometime in mid-to-late April.
I am using both Elliott Waves and DeMark indicators to study ETHUSD.
On the 3D chart it looks to me like both are saying that major moves are completing.
My EW counter along the bottom has printed a 'Sell' indicator. Caveats apply, though. The setup was stretched-out (which is good), but the 8th and 9th bars were not higher than all the others (the 3rd bar is...
I implemented Tom DeMark's TDST; on the 3-day Poloniex:ETHBTC chart it suggested on the 23rd the 3-month downtrend was breaking, on 3 January it was proved to be correct.
I am looking at low .01200's as a target price in the next 2 weeks.