Ether (ETH) stood at $2,377.75, down 0.98% over 24 hours as of 3:28 a.m. ET (07:28 UTC) Saturday, above the lower price band in an Oct. 23 chart scenario.
The EWM Team’s four-hour Elliott-wave analysis set out conditional moves after ETH/USD pulled back from roughly $2,523.20 to around $2,403.20. It showed a possible recovery toward $2,440-$2,450, followed by a move toward $2,330-$2,350; the chart did not assign dates to either step.
The analysis treats a sustained move above $2,523.20 as invalidating its bearish setup. It labels $2,316.35 as the prior wave W low and describes a sustained break below that mark as stronger confirmation of the bearish reading.
Those two price levels are the chart’s next indicators, with no timing given for either move.
