🔹 Ethereum ($ETH ) – Key Technical Outlook 🔹

📍 Current Situation:

ETH in Wave 4 consolidation after rally from early August low

Wave 5 upside potential intact if key support holds

Consolidating above $4,100 – a major breakout level from August 9

📊 Support Levels to Watch:

$4,276 – $4,220 – Immediate short-term support zone

$4,100 – Critical cycle breakout level (multiple 2024 rejection points before breakout)

$4,012 – $3,918 – Broader Wave 4 support area if deeper pullback occurs

📈 Short-Term Scenarios:

Primary: ETH forms a shallow Wave 4 flat correction; possible 1-2 setup for push toward new highs

Alternative: Sideways extension (possible triangle), still within Wave 4 structure

Break above $4,276 → potential start of Wave 5 rally

Break below $4,100 → deeper pullback toward $4,012–$3,918 possible

📌 Elliott Wave Context:

Wave 1 – Complete

Wave 2 – Complete

Wave 3 – Complete (top formed Sunday)

Wave 4 – In progress (likely flat correction)

Wave 5 – Pending confirmation

💡 Market Takeaway: ETH remains bullish above $4,100. Holding $4,220 zone could trigger another upside push. Below $4,100 risks a deeper correction, but structure remains intact for now.

#Ethereum #ETH #CryptoTrading #BinanceSquare #ElliottWave #PriceAnalysis #CryptoMarket