📊 $ETH Market Update – Pullback in Play, Trend Intact 📊

Ethereum is seeing a moderate pullback after hitting a local top — likely a Wave 4 correction within a broader uptrend.

📍 Key Levels to Watch:

Wave 4 Support Zone: $4,100 (green line / breakout retest) → preferred hold for strength.

Critical Support: $3,826 – break below shifts view to larger Wave 4 scenario.

Short-Term Resistance: $4,400–$4,500 (green circle) — potential Wave 5 high target.

📈 Structure & Elliott Wave View:

Current advance from the Aug 2–3 low looks like an ending diagonal → Wave 4 can retrace deeper than usual (up to 61.8% Fib).

Prior pullbacks stayed near 38.2% Fib, e.g., $4,112 last week.

If Wave 4 forms a triangle, that would be ideal before one more high.

💡 Summary:

Pullback is healthy & corrective so far.

Above $4,100 → strong bullish sign.

Below $3,826 → larger correction already underway.

Final push to $4.4K–$4.5K still possible before a larger wave down.

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