📊 Ethereum ( $ETH ) Market Update – Trend Still Up

Ethereum has pushed above $4,700 and is holding above it, but price action can change quickly.

🔹 Trend:

Still firmly up since April breakout

Currently in circle wave 5 of larger Elliott Wave count

Short-term wave count: Wave 1 → Wave 2 → Wave 3 → Wave 4 → Wave 5 (in progress)

📈 Upside targets:

Next Fib resistance: $4,762

Then: $4,850

Wave 5 could extend toward $4,900

Larger target zone remains $5,800+ if wave structure completes

📉 Support zones:

Short-term: $4,452 – $4,597

Larger wave 4 pullback support: $3,350 – $4,018

Key strength level: $4,100 (staying above here shows strong trend)

⚠️ Risk:

Break below $4,452 → signals local top and deeper pullback

Market is moving fast — small time frame pullbacks can be shallow before continuation

💡 Takeaway:

ETH remains in an uptrend, with potential for higher highs before any larger pullback. Watch $4,452 as key short-term invalidation.

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