$ETH

✨ Ethereum (ETH) Analysis According to Elliott Waves

• The price is consolidating below the historical peaks 🏔️.

• The main scenario: We might be in wave (4) as long as the price stays above $4537.

• Breaking $4537 👉 suggests that wave b has finished and set a peak price.

• There is another scenario (the blue one): that wave (iv) has finished and the price is continuing within a diagonal pattern, and any retracement could just be a B-wave within the ascending wave (3).

🔑 Important Levels:

• $4350: This level should not be broken during the B-wave decline.

• $4100: Breaking this level would be the first warning for a deeper correction.

📌 Conclusion: The trend is still bullish 🚀 and there is no confirmed signal that the major peak has been made.