📊 Ethereum ($ETH ) Market Update – August 11, 2025

Current Trend: ETH continues its strong rally, pushing towards the $4,400 target. Price action confirms the ongoing 3rd wave up; 4th wave pullback yet to start.

Immediate Targets:

$4,400 – first resistance in current leg.

$4,490 – $4,560 – Fibonacci cluster for Wave 5 if current push continues.

$4,600 – next key level.

$4,900 – swing high from Nov 2021.

Wave Structure:

From the August low, ETH has moved in a 3-wave pattern.

Currently likely in micro Wave 5 within the larger Wave 3.

Previous Wave 3 hit the 178.6% Fib extension (~$4,280), suggesting Wave 5 should extend to at least $4,490.

Next Phase Outlook:

After this push, a Wave 4 pullback is expected.

Main Support Zone: Will adjust upward as price rises, but any break below main support signals risk to the bullish run.

Key Levels to Watch:

Support: Dynamic, shifting higher with price; break below = caution.

Resistance: $4,400 → $4,490–$4,560 → $4,600 → $4,900.

⚠ Volatility Alert: Current market is moving fast; price may shift significantly in minutes.

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