Ethereum’s price action exhibits an incomplete impulsive wave structure, suggesting the potential for further upside after the recent pullback.
#Wave1 – Initial strong rally off the lows
#Wave2 – Pullback that held above $1,500 support
#Wave3 – Currently underway, targets $2,500-$2,800 area
#KeyLevels:
$1,700 area – Previous Wave 4 resistance turned support
$2,500 = 161.8% Fibonacci extension of Wave 1
$2,800 = 261.8% Fibonacci extension for potential Wave 3 target
#WaveStructure suggests:
Breach of $2,000 could accelerate Wave 3 rally
Any setback should find support at $1,700-$1,800
#Invalidation of bullish count below $1,500
#ETHUSDpair #EthereumPrice #CryptoTrade #SmartContracts #DeFi
If the Elliott Wave count plays out, Ethereum could see a strong rally continuation toward the $2,500-$2,800 zone in the coming weeks/months
OBX USDT UPDATE EKAK ONE