1. Five‑Wave Bull Cycle Near Completion
According to Dutch analyst Gert van Lagen, ETH is wrapping up a classic five-wave Elliott Wave sequence that began in 2022.
We’re now in Wave V, specifically in an expanding diagonal structure—a pattern marked by overlapping waves and rising volatility.
2. Current Sub‑Wave Breakdown
Sub-wave a: Already pushed ETH to recent highs (~$3,800).
Sub-wave b: A shallow pullback is expected here—a standard corrective phase retracing the a‑wave.
Sub-wave c: Following the pullback, the final upward thrust could unfold, likely a sharp “blow-off” move.
3. Target Zone: ~$10,000?
The wave structure suggests an ambitious target around $10,000, completing the fifth wave of the cycle.
However, this projection depends on a smooth progression through b-wave and into c-wave—anything else could disrupt the trajectory.
4. Caution ⚠️
Volume warning: Daily trading volume has dropped nearly 46%, indicating weakened momentum. That dip during sub-wave a could signal a hesitating buyer base—bear in mind while watching for the b-wave dip.
Broader context: Regulatory factors, macro trends (e.g., spot ETH ETF decisions), and general crypto sentiment could change the structure’s validity.
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Live & Recorded Elliott Wave Commentary
🎥 Recent stream by Grega Horvat: “Elliott Wave live: Dollar sideways, Ethereum On The Rise” shows current setups on ETH in real time.
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