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Source, summary and reference
Ethereum: Bear Market Rally Running Out of Steam? Ethereum remains stuck inside a larger corrective structure, and the current bounce still looks weak from an Elliott Wave perspective. In this update, we take a look at the higher timeframe bear market structure, compare the current setup with the 2022 fractal, and discuss why the $2,200 level remains critical for the bulls. We also review the shorter timeframe ETH structure, important support and resistance zones, and take a look at the MCO Cycle Engine to understand what the current time cycles could suggest for the months ahead. Can Ethereum still rally toward $2,600-$2,950 before another larger decline? Or has the B-wave already topped? Key Levels: β’ Resistance: $2,158 / $2,200 β’ Potential Rally Target: $2,600-$2,950 β’ Support: $2,036-$2,059 β’ Major Support: $1,884-$2,000 Timestamps: 00:00 Ethereum still inside larger bear market correction 01:18 Why the April top may already be in place 02:24 Comparing current structure with the 2022 fractal 03:42 Ethereum time cycle analysis explained 04:59 Why a low could form later this year 05:48 Short-term cycle outlook for ETH 06:59 Important support zone for bulls 08:19 What ETH must do to confirm a larger recovery ----------------------------------------------------------------------------------------- π§Ώ MCO Global: π» https://www.mcoglobal.com/ βοΈ Join the FREE Newsletter: π https://mcoglobal.com/newsletter/ π§Ώ Join the More Crypto Online Community: π https://www.mcoglobal.com/memberships OR π https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR π https://www.patreon.com/morecryptoonline π§Ώ Join the MCO Stocks & S&P500 Community: π https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- π§Ώ Social Media: π X / Twitter: https://x.com/Morecryptoonl π Instagram: https://www.instagram.com/morecryptoonline_official/ π All Links: https://linktr.ee/morecryptoonline βοΈ Contact: info@morecryptoonline.com ----------------------------------------------------------------------------------------- π§Ώ Exchanges & Brokers (Affiliate Links): π Trade on Bybit: https://partner.bybit.com/b/MCO π Trade on Bitget: https://partner.bitget.com/bg/MoreCryptoOnline π Trade with XTB β a global, regulated broker offering 7,100+ stocks and 1,400 ETFs π https://geolink.xtb.com/XjNyk (Please note: XTB services are not available to U.S. clients.) ----------------------------------------------------------------------------------------- π§Ώ Research & Tools (Affiliate Links): π Tradingview - Chart software Get a $15 discount on your first subscription: https://www.tradingview.com/?aff_id=108760 π Bitcoin Magazine Pro β On-chain data & research Get 20% off with code: 20MCO https://www.bitcoinmagazinepro.com π CoinTracking β Portfolio & tax tracking Get 10% lifetime discount with this link: https://cointracking.info/?ref=B776587 π Protect your cryptocurrencies with Trezor: https://bit.ly/morecryptoonline π Protect your cryptocurrencies with Ledger: https://shop.ledger.com/?r=0fb3c8be2e46 π Stay safe with NordVPN: https://go.nordvpn.net/SH4s0 ----------------------------------------------------------------------------------------- β οΈ Disclaimer The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws. All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor. Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission β at no additional cost to you. Thank you for supporting the channel. β οΈ Important: Affiliate links related to cryptocurrency exchanges are not available to residents of the United Kingdom, the United States, or any other restricted jurisdictions. Please check the laws and regulations that apply in your country before using such services. Other affiliate links (e.g. VPN, hardware wallets, software tools) are unaffected.
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