$ETH

ETH

According to Elliott Waves:

• It is clear that we are in the corrective wave (4) within a descending channel 🔻.

• Fibonacci Levels:

• 0.382 = $4269 (has been tested approximately).

• 0.5 = $4119 which is a strong potential support area.

• 0.618 = $3974 the maximum potential depth for wave (4) without invalidating the scenario.

✅ Stronger Scenario: Wave (4) ends between $4119 – $3974, then the price will launch into wave (5) upward towards a new peak that may exceed $4775.

⚠️ Invalidating: A clear break below $3974 means that wave (3) may have ended at lower levels, and we will be facing a different structure.

🚀 Summary: We are at the end of wave (4), with the stronger probability of an upward wave (5) towards a new historical peak.