In our last update, we found using our Elliot Wave Principle (EWP) count that Ethereum (ETHUSD) was in the final phase of its correction: “Otherwise, we continue to view Ethereum in … grey W-iv to ideally $2950+/-150 before the [green W-5] of the [red W-iii] to ideally $5000+/-200 kicks in.” Fast-forward and the second-largest cryptocurrency by market cap decided to morph into an even more complex correction (see Figure 1 below). It bottomed out last week, April 19, at $2866 in what counts best as five waves lower from the early April, grey W-b, high. It has staged a decent rally since. {chart} Besides, yesterday we ... (full story)