📈 $ETH has completed the Elliott wave cycle 1–2–3–4–5

⚠️ Approaching the wave peak (5) at the range of 1.918 – 1.924 USDT

Market signs:

🔵 RSI: Overbought (65~70) → Warning for a potential correction

📊 Volume is strongly increasing in the push wave → real buying force

📉 Current price far exceeds EMA (14/34/94) → a technical pullback may occur

Forecast scenarios:

1. Short-term liquidation (ABC correction wave):

• Support areas to monitor:

• ✅ 1.851 – 1.833 (Fibo 0.382 – 0.5)

• ✅ 1.822 – 1.778 (EMA + old accumulation area)

• ⚠️ 1.660 – 1.685 (deep correction case)

2. After liquidation: If holding above 1.778, #ETH may continue to rise to the range of 2.000 – 2.024 USDT in the new up wave.

Brief conclusion:

✨ #ETH🔥🔥🔥🔥🔥🔥 has increased enough waves, currently in a light distribution area

⏳ The liquidation phase is necessary before entering a real up wave

🎯 The target for the new wave could aim for the range of 2.000 – 2.024