A Technical Update On Ethereum For February 2023 - The Next 20%+ Drop Should Tell The Story For The Coming Year

Jason Appel
2.12K Followers

Summary

  • Ethereum has maintained larger technical support after a litany of challenges in the crypto market in 2022.
  • 2023 is off to a strong start, rally as much as 43% YTD in the first 5 weeks.
  • The price pattern is fulfilling expectations laid out in the previous update for a larger degree rally.

Close-up of Ethereum ETH cryptocurrency over computer circuit

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Produced with Avi Gilburt and Ryan Wilday

"2022 has been a challenging year for crypto investors. The past several months have had all the hallmarks of a bear market given all of the incredibly negative developments throughout the crypto space, with

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This article was written by

2.12K Followers
Jason Appel started his career on the trading floor of the Chicago Board of Trade in the early 2000s working as a top pit clerk for a high-volume broker. He has traded futures since 2004 and caught the crypto bug in early 2017. He is the co-leader of the investing group Crypto Waves, along with Ryan Wilday, where they apply Elliott Wave Theory analysis to cryptocurrency investing and trading. The service’s primary work focuses on BTC and ETH and additionally provides actionable technical setups on a watchlist of different crypto stocks, including crypto miners, and altcoins. Crypto Waves provides daily updates, chat room discussions, a nightly report, a weekend report, live webinars, and weekly crypto charts for technical analysis. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of ETH-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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