Despite the recent decline in cryptocurrencies, the ETHUSD has been doing quite well, but according to other cryptos, we will have to be very careful with bulls.

ETH is currently in the neutral zone still but it’s trying to form a breakout now, below the red trendline support on 4h chart which can make a room for a drop to 3200-3000 area. Break below massive 3k level could actually suggest that Ethereum is in wave C of a flat or a triangle in four.

Ethereum 4h Elliott Wave Analysis

DSHUSD is making a bigger intraday recovery in the 4-hour chart, but we still see it as an (A)-(B)-(C) correction within wave 4, ideally as part of a bigger daily ending diagonal pattern that can send the price back to June lows for the final wave 5 of C before bulls show up again. Nice projected support is around 100 level that can come in play fast, once the trendline support is broken.

Dash coin 4h Elliott Wave Analysis