Elliott Wave Analysis TradingLoungeEthereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection Next higher Degrees: wave IIWave Cancel invalid level:Details: ETH appears to be in the final stages of Wave II, which is subdividing into an “ABC” correction. Wave (C) is in progress, with a potential downside target near the 0.618 Fibonacci retracement level ($2,891.52).Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: ETH is likely heading toward the $2,891–$2,829 support zone to complete its Wave II correction. A reversal in this area would indicate the start of Wave III and a resumption of the bullish trend.Holding above $2,891 is critical to maintaining the integrity of the wave structure and avoiding an extended correction. A break above $3,600 would confirm the end of the correction and the start of a new impulsive wave. 
Ethereum/ U.S. dollar(ETHUSD)ETHUSD Elliott Wave Technical Analysis Function: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection Next higher Degrees: wave IIWave Cancel invalid level:Details: ETH appears to be in the final stages of Wave II, which is subdividing into an “ABC” correction. Wave (C) is in progress, with a potential downside target near the 0.618 Fibonacci retracement level ($2,891.52).Ethereum/ U.S. dollar(ETHUSD)Trading Strategy: ETH is likely heading toward the $2,891–$2,829 support zone to complete its Wave II correction. A reversal in this area would indicate the start of Wave III and a resumption of the bullish trend.Holding above $2,891 is critical to maintaining the integrity of the wave structure and avoiding an extended correction. A break above $3,600 would confirm the end of the correction and the start of a new impulsive wave. 
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