#Ethereum = Weekly Analysis = 27.03.2022 $ETH #ETH #cryptocurrency

This path for #Ethereum was forecasted for the subscribers in the middle of November 2021.

This is the same chart now.

This weekly overview contains:
– a discussion on the daily, weekly, and monthly candles and technical events;
– perspectives for the quarterly closure on March 31;
– a long term Elliott Wave forecast;
– a short term EW chart and targets.

This post is part of the Weekly Analyses series that InvestingAngles offers to the followers and subscribers. The series covers the US and global major indices; VIX, DXY, commodities, Bitcoin and Ethereum, and some large cap stocks.


At this point ETH has almost equal chances to close the quarter with either bullish or bearish formations. Four days to go.

The same applies to the monthly candles. A very strong rally in the last two weeks is likely to flip the odds from bearish to bullish.
Odds: Neutral

The weekly candle has confirmed a reversal on the weekly frame. The move was well supported technically. The trend is not fully bullish yet, but is rapidly turning upwards.
I expect more technical events on the 3-day and weekly frames in the next few days to confirm the hypothesis.
Odds: Bullish

The daily candle is a strong bullish continuation. ETH candles made a fantastic transition from deeply bearish to moderate bullish since the previous analysis.
Technically, the trend is bullish, but is entering the overbought area. It would not be surprising if the coin pauses for several days to normalize indicators and then proceeds higher.
Odds: Bullish-Neutral


Long Term

I split the bearish and bullish paths into two long term charts, but both remain unchanged for several months.

Red (primary):
ETH has completed wave C of IV. As the wave off the bottom looks corrective for now, there is a good chance ETH is working on an Ending Diagonal for wave V.

ETH completed a Super Cycle wave (I) and wave A of (II) and is working on wave B of (II).

Mid Term
This zoomed in chart shows both red and blue paths. The chart is practically unchanged since February 1.

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Latest BITCOIN Weekly Analysis posted earlier today:

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