Ethereum Elliott Wave technical analysis [Video]

ETH/USD Elliott Wave technical analysis

Function: Trend following.
Mode: Motive.
Structure: Impulse.
Current Position: Wave 5.

ETH/USD – Trading strategy

Ethereum remains in the final phase of the ABC correction, where wave C is developing into sub-wave (4). It is progressing toward sub-wave (5), likely to complete within the $1,230–$1,250 range. This area aligns with the 1.618 Fibonacci extension of sub-wave 1. Traders should watch this zone closely, as it may signal a potential trend reversal — indicated by patterns like a hammer candlestick, divergence, or a strong volume rebound.

Trading strategies

Strategy overview

For short-term (Swing) traders:

Monitor the $1,230–$1,250 range for clear reversal signals before entering trades.

Risk management:

Strategy specifics not provided.

ETH/USD Elliott Wave technical analysis

Function: Trend following.
Mode: Motive.
Structure: Impulse.
Current Position: Wave 5.

ETH/USD – Trading strategy

Ethereum's ABC correction structure is reaching completion, with wave C now forming sub-wave (4). It is expected to continue into sub-wave (5), targeting the $1,230–$1,250 range. This zone corresponds with the 1.618 Fibonacci extension of sub-wave 1. If a bullish reversal pattern emerges here, it may indicate a key shift in market direction.

Trading strategies

Strategy overview

For short-term (Swing) traders:

Wait for movement into the $1,230–$1,250 range and observe for bullish reversal signs.

Risk management:

Strategy details are not specified.

ETH/USD Elliott Wave technical analysis [Video]