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ETH – Elliott Wave Analysis
• Ethereum ended a strong momentum wave near $3,800-$4,000.
• The current decline is interpreted as a corrective wave (4) rather than a trend change.
• Wave (4) usually has the characteristics of a sideways/time adjustment (exhaustion and patience).
Wave ending area (4):
2,100 – 1,900$
(In a more advanced scenario: $1,700)
Later correction:
With (4) over, wave (5) is expected to begin with targets:
4,200 → 4,800$
in conclusion:
The current area is suitable for staged assembly,
Patience is the deciding factor before the next wave begins