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Ethereum ($ETH ) โ Fifth Wave Rally in Action ๐
Current Situation:
Ethereum ($ETH
) is in the fifth wave of a bigger uptrend on the daily chart. Price is holding above the $4,100 breakout level with strong buying power.
Targets Ahead:
Short-term goals: $4,500 โ $4,560 โ $4,680
Main near-term target: $4,600
Bigger goals if rally continues: $5,230 and even $5,800
Support Levels:
Small support: $4,373 โ $4,441
Strong support: $4,100
If correction starts: $3,876 โ $3,273
Possible Scenarios:
Bullish: Stay above $4,373 โ move to $4,600โ$4,680 โ possible push to $5,230โ$5,800
Bearish: Fall under $4,100 could pull ETH down toward $3,876โ$3,273
Quick Take:
ETH is on a strong rally, breaking $4,400 and aiming for $4,600 next. If it crosses $4,680, we might see $5,230 or more. Keep an eye on $4,373โ$4,441 for short-term strength and $4,100 for major support.
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