Ethereum Wave Theory Large Scale Projection
Scenario 1: Weak Rebound Path
If 2879-2110 is confirmed as the A wave decline, and the 2110 position cannot form an effective impulse wave, then we are currently in a consolidation bottoming phase.
Expected rebound target range:
Regular B wave rebound: 2488-2580
Strong B wave rebound: 2720
Pattern Evolution:
May form a "Perfect Bullish Bat" harmonic pattern (corresponding to the traditional M top structure) Figure 2
Final D point target PRZ area: around 1570 (completing the AB=CD measured decline) only then will the bull market's main three waves 1-2-3 unfold.
Scenario 2: Strong Impulse Path
If 2110 confirms the initiation of the impulse wave, then 2879-2110 should be re-labeled as a 1-2-2 wave correction.
Upward target:
Main rising 3 wave first target: 3500 area (1.618 extension)
Subsequently, will enter 1-2-4 wave adjustment.
Large cycle validation
Historical wave type comparison:
Previous cycle 1-1-5 wave high point 4109 (only 11 points higher than 1-1-3 wave 4098)
Did not break through the previous high of 4877, indicating insufficient momentum.
Current cycle key:
Need to observe whether the 1-2-3 wave can break through the key level of 2850.
If it fails, it may retest the 1570 area to complete a large scale bottoming.