$ETH
📊 Elliott Wave Analysis – 4 Hour Interval
✅ The current situation is that it is essential to hold above 2500
The price is currently inside wave (3) of a major bullish wave that started from the last historical low of ~1,530, after the completion of a major corrective wave at the level of ~2,405.
🔹 Wave sequence on the 4-hour chart:
1. Wave (1): Started from 1,530 to approximately 2,720.
2. Wave (2): Corrected sharply to around 2,405.
3. Current wave (3): Started from 2,405 and is now moving upward, with the possibility of sub-waves within it.
🔍 Current wave in detail
• We are now in the middle of wave (3), likely within sub-wave 3 or the beginning of sub-wave 5.
• The entry area at 2,500 is excellent as it comes after the end of wave 2 (the corrective one).
• As long as the price maintains support at 2,405–2,470, the trend remains bullish.
📌 Summary:
• On the 4-hour interval: the price is in wave (3) of a major bullish wave.
• The price entered from a logical low (2,500) after the completion of a corrective wave (2).
• Wave (3) initially targets 2,738, then 2,850, and may extend to 2,900.
• Breaking above 2,850 will support the possibility of reaching wave (5) at 3,000–3,120.
