Ethereum (ETHUSD) has broken out of the triangle pattern in the daily chart.
![nimetön.png](https://ipfs.busy.org/ipfs/QmPWt6kytppdVkaPs8Mn68X7SfwQyY5dkyRjqQGhiWUdpi)

(*Chart courtesy of Tradingview.com (log scale)*)

**Elliott Wave Analysis**

In Elliott Wave terms, Ether began a wave one advance on September 12. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 21, and the red wave two (blue sub-waves a-b-c) correction ended on October 11. If this wave count is correct, Ether should be heading next towards the September 21 peak in the red wave three.
![nimetön2.png](https://ipfs.busy.org/ipfs/QmVG58qacAxnUfoYsiiEU1A8SQKXpkXsvqbKQgQfeAEjhY)

(*Chart courtesy of Tradingview.com (log scale)*)

Looking at the monthly chart, I believe Ether is currently in the red wave five. The red wave five began on September 12.
![nimetön3.png](https://ipfs.busy.org/ipfs/QmUVE537DZHosiSvu2ummELsesnKJL8JxvJV9dKYfz6UUu)

(*Chart courtesy of Tradingview.com (log scale)*)

**Funnymentals**

You can hear the latest (final) thoughts from Devcon4 by Boxmining.

https://youtu.be/Mb_oNfWqyiY

(*Sources: https://www.ethereum.org/ and [YouTube](https://youtu.be/Mb_oNfWqyiY)*)
![steemverify.png](https://ipfs.busy.org/ipfs/QmdAfzq4zLE9mrf92TnPADBptzixPXcJ68h8piptCZoCed)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ether will takeout the September 21 peak".

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ether will drop below the September 12 low".

If you think Ether is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Ether will stay in a trading range between the September 12 low and the September 21 peak until December 10".
![nimetön4.png](https://ipfs.busy.org/ipfs/QmS2ooG8UWiFGg3UubP6Zs1B6vAXXsUFpA2E7w5DEqy6hV)

(*Chart courtesy of Tradingview.com (log scale)*)

You can upvote the comment until 3 PM EST November 8 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

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