ETHUSD Elliott Wave Technical Analysis – 1D ChartFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection Next higher Degrees: wave IIWave Cancel invalid level: ETHUSDTrading Strategy:Ethereum (ETH/USD) is in the middle of a Wave II correction, with Wave C projected to target the 2,899.73 USD level. A breakdown above 3,429.97 USD would invalidate this bearish corrective scenario and signal the resumption of the uptrend.* If ETH holds the support at $2,899.73 and forms a reversal, it would confirm the completion of Wave II.
ETHUSD Elliott Wave Technical Analysis – 4H ChartFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave CDirection Next higher Degrees: wave IIWave Cancel invalid levelTrading Strategy:The chart shows a complete Wave 1 structure, followed by a corrective Wave 2 in progress.The correction appears to follow a zigzag pattern (A-B-C), with Wave A completed and Wave B currently forming.The projection for Wave C indicates a potential drop to the 0.786 Fibonacci retracement level, around 0.03217 USDT.* If ETH holds the support at $2,899.73 and forms a reversal, it would confirm the completion of Wave II.
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