Ethereum Elliott Wave technical analysis [Video]
![Ethereum Elliott Wave technical analysis [Video]](https://editorial.fxsstatic.com/images/i/ETHEREUM_XtraLarge.png)
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]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
