In our previous update on Ethereum (ETHUSD) from a week ago, when it was trading around $1950, we showed three Elliott Wave Principle (EW) options that all pointed to higher prices. Today, we will only show one, our preferred EW count. Namely, Ether dropped to the $1800s yesterday but has held its long-term lower trend line. Meanwhile, its monthly RSI30 remains below 30, while it has essentially consolidated since 2021, forming a protracted Bull Flag that targets >$6000 on a breakout. See Figure 1 below. Meanwhile, the short-term price action and associated EW analyses show that we can count Ethereum’s decline ... (full story)