$ETH 📍 Current Setup:
ETH remains in circle wave 5 of larger wave 3 on the daily chart
Price holding above $4,100 breakout level with strong bullish momentum
Next upside target: $4,600, with extended goals above 2021 highs
📊 Key Levels:
Immediate Targets:
$4,500 – $4,560 – $4,680 (short-term Fib resistance cluster)
$4,600 – Main near-term Elliott Wave target
$5,230 – Next major Fib level
$5,800 – Extended bull target if momentum continues
Primary Supports:
$4,373 – $4,441 (micro support zone)
$4,100 – Breakout support
$3,876 – $3,273 (wave 4 pullback zone if correction starts)
📈 Scenarios:
Bullish Path: Hold above $4,373 → Push into $4,600–$4,680 → Potential extension to $5,230–$5,800
Bearish Risk: Drop below $4,100 could trigger deeper wave 4 correction toward $3,876–$3,273
💡 Market Takeaway:
ETH is in full rally mode, breaking past $4,400 and targeting $4,600 next. A push into the $4,680 zone could open doors to $5,230 and beyond. Watch $4,373–$4,441 for short-term support, and $4,100 for structural strength.
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