$ETH

Wave Analysis (Elliott) - Hourly Frame

We are currently inside a downward driving wave within a corrective sub-wave of the fourth wave or an extension from wave C.

• The decline began after a clear failure to break the 2,556–2,560 area, which is the peak of the previous wave.

• The price is now at a potential end of the fifth sub-wave of this drive.

• The level 2,504 may be a potential bottom for wave 5, provided a confirmed reversal candle appears.