#ETHRally
๐น Ethereum (ETH) โ Fifth Wave Rally Continues :
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
๐ Key Levels:
Immediate Targets:
$4,500 โ $4,560 โ $4,680 (short-term Fib resistance cluster)
$4,600 โ Main near-term Elliott Wave target
$5,230 โ Next major Fib level
$5,800 โ Extended bull target if momentum continues
Primary Supports:
$4,373 โ $4,441 (micro support zone)
$4,100 โ Breakout support
$3,876 โ $3,273 (wave 4 pullback zone if correction starts)
๐ Scenarios:
Bullish Path: Hold above $4,373 โ Push into $4,600โ$4,680 โ Potential extension to $5,230โ$5,800
Bearish Risk: Drop below $4,100 could trigger deeper wave 4 correction toward $3,876โ$3,273
๐ก 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 $4,373โ$4,441 for short-term support, and $4,100 for structural strength.