Ethereum (ETHUSDT) – Elliott Wave & Fibonacci Technical Outlook
ETH has completed a clear 5-wave impulsive structure followed by an ongoing ABC corrective pattern on the daily timeframe.
Currently, price is testing the 78.6–100% Fibonacci retracement zone ($3,400–$3,700) — a key area that often marks the end of wave C and the start of a potential new impulsive wave.
Bullish Scenario:
If ETH confirms support above $3,400 with a strong bullish reversal candle and increasing volume, it may trigger a recovery toward $3,800 → $4,200 → $4,700.
Breaking above $4,200 would further validate the bullish continuation setup.
Bearish Scenario:
A daily close below $3,400 would invalidate the bullish wave count and could extend the correction toward lower structural supports.
Key Levels
Support: $3,400 – $3,700
Resistance: $3,800 / $4,200 / $4,700
Stop-loss (for long setups): Below $3,350
Overall, ETH is approaching a critical decision zone — watch for confirmation signals before positioning for the next leg.
#ETH #Ethereum #Crypto #TechnicalAnalysis #ElliottWave #Fibonacci #TradingView #CryptoTrading #BTC #ETHUSDT
Currently, price is testing the 78.6–100% Fibonacci retracement zone ($3,400–$3,700) — a key area that often marks the end of wave C and the start of a potential new impulsive wave.
Bullish Scenario:
If ETH confirms support above $3,400 with a strong bullish reversal candle and increasing volume, it may trigger a recovery toward $3,800 → $4,200 → $4,700.
Breaking above $4,200 would further validate the bullish continuation setup.
Bearish Scenario:
A daily close below $3,400 would invalidate the bullish wave count and could extend the correction toward lower structural supports.
Key Levels
Support: $3,400 – $3,700
Resistance: $3,800 / $4,200 / $4,700
Stop-loss (for long setups): Below $3,350
Overall, ETH is approaching a critical decision zone — watch for confirmation signals before positioning for the next leg.
#ETH #Ethereum #Crypto #TechnicalAnalysis #ElliottWave #Fibonacci #TradingView #CryptoTrading #BTC #ETHUSDT
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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.