📊 Ethereum ($ETH ) Market Update — Aug 15

Macro View:

ETH remains resilient despite broader market weakness.

ETH/BTC chart indicates a pullback is likely after hitting ideal wave 3 target.

$4,100 remains the critical breakout level to hold for continued bullish structure.

Key Levels:

Micro Support Zone: $4,123 – $4,272

Major Support: $4,100 (warning if broken)

Fibonacci Support: $3,374

Current Situation:

Pullback underway, likely moving into $4,123–$4,272 zone.

Holding $4,100 could allow for one more high before a larger correction.

Break below $4,100 signals possible weakness;

Break below $3,374 would invalidate the current bullish wave structure.