Ethereum (ETHUSD, Log Mode) appears to be completing a Wave 4 corrective structure (W–X–Y) within the broader impulsive cycle from the March lows.
Wave 4 found strong support near the 0.5 retracement level around $3,500, aligning with the lower parallel channel of the wave 3 advance.
A potential Wave 5 rally could begin once confirmation of reversal is seen, with upside targets projected at:
$4,867 (3.618 extension of Wave 1)
$7,800–$7,900 (1.272 extension of the macro structure)
If ETH breaks below $3,500, it could invalidate this immediate bullish count and suggest a deeper correction.
Key Levels:
Support: $3,530 / $3,350
Resistance: $4,867 / $7,800
Invalidation: Below $3,500
Watching for signs of a Wave 4 bottom to confirm the start of Wave 5, potentially leading Ethereum into new all-time-high territory in the coming months.
Wave 4 found strong support near the 0.5 retracement level around $3,500, aligning with the lower parallel channel of the wave 3 advance.
A potential Wave 5 rally could begin once confirmation of reversal is seen, with upside targets projected at:
$4,867 (3.618 extension of Wave 1)
$7,800–$7,900 (1.272 extension of the macro structure)
If ETH breaks below $3,500, it could invalidate this immediate bullish count and suggest a deeper correction.
Key Levels:
Support: $3,530 / $3,350
Resistance: $4,867 / $7,800
Invalidation: Below $3,500
Watching for signs of a Wave 4 bottom to confirm the start of Wave 5, potentially leading Ethereum into new all-time-high territory in the coming months.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.