$ETH quotes around $1,800 and shows a possible impulsive structure according to Elliott. After a W–X–Y correction that bottomed at $1,380, ETH would be developing a wave 3 upward, with a projected target towards $2,400–$2,500 if it maintains momentum. This wave is usually the strongest of the cycle, supported by increasing volume. Wave 2 would have already finished near $1,600. To validate the count, ETH must hold above $1,700. A break below $1,380 would invalidate the impulsive scenario and indicate weakness. The current structure favors a bullish continuation as long as key supports are maintained.