#Ethereum = Daily Update = 03.11.2021 $ETH #ETH #investing #cryptocurrency #crypto #trading

As expected, today $ETH took a pause and printed a High Wave doji candle that splits the odds approximately 50/50. The longer term indicators support a move upwards, while the shorter term ones are somewhat mixed.

I would expect a few more days of horizontal movement before a direction is chosen.

The longer term perspectives were discussed in the Monthly Analysis:

From the perspective of EW, I am currently tracking two short term counts in red and blue, as shown on the chart below. It looks like one more wave up is needed to complete the structure. The question is which path $ETH will take after.

For tomorrow, a daily closure below ~$4450 would increase the bearish odds. A closure above $4670 would be very bullish. Any closure between these points would be neutral, meaning that the direction is not defined.

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