📊 Ethereum (ETH) Market Outlook
Ethereum remains one of the more challenging assets to navigate due to its recent irregular price movements. While these fluctuations can be unpredictable, they also offer attractive opportunities for short-term traders due to increased volatility.
From a technical perspective, it appears ETH has completed its corrective B wave. Based on trend-based Fibonacci extension analysis, this wave concludes near the 0.786 level—a custom ratio developed by the Severeign team that has proven reliable in live market conditions.
For simplicity, we’re focusing on the key 0.786 Fibonacci level in this setup. Full wave counts and additional technical indicators are marked on the chart for deeper analysis.
🎯 Key Target Levels:
1st Target: $2,555
2nd Target: $2,589
3rd Target: $2,624
With high volatility comes high potential, but risk management is crucial. This current zone represents a technically valid entry point for a long position on ETH. Stay flexible and strategic in your approach.
Stay updated—market moves fast.
