Wave 1: Low formed around $3,270
Wave 2: Retracement up to ~$3,340 (Corrective A-B-C)
Wave 3: Impulse breakout reaching ~$3,480 (strong volume)
Wave 4: Ongoing correction, likely consolidating between $3,400 – $3,430
Wave 5 (Expected): Projection to $3,550–$3,600, if bullish momentum holds
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📊 What to Watch:
If ETH holds above $3,400, it supports Wave 5 continuation.
Break below $3,380 may invalidate bullish setup and signal extended correction (Alt count: W-X-Y).
RSI and MACD on 1H remain neutral-bullish; volume declining slightly in correction.
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🔔 Summary:
ETH looks to be in Wave 4 consolidation after a strong Wave 3. If bullish trend resumes, Wave 5 could push ETH toward $3,600. Caution if it breaks below $3,380 — may signal a deeper pullback.
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