#Ethereum Approaches Final Resistance Before Potential Wave 3 Surge
$ETH is now facing its last major hurdle — breaking above its all-time high of $4,865. A decisive break and sustained hold above this level could open the path to the 1.618 Fibonacci extension, which aligns with the projected Wave 3 target.
In Elliott Wave terms, Wave 3 is often the most powerful phase of a rally, marked by mass market participation and aggressive momentum. This stage typically sees traders and investors “chasing” price, driving it sharply higher until exhaustion.
With current price action still building toward this breakout, the real acceleration may only begin once $4,865 is cleared — and history suggests the move could be swift.