$ADA

ETH

Where are we in the Elliott waves now? (on the 4-hour frame)

The current price (2530–2540$) seems to be at:

• The end of a corrective sub-wave 4 of a larger driving wave, or

• The beginning of the upward wave 5 of the same major wave.

The bottom of 2500$ was the end of wave 4, and the current wave (which targets 2633$) is the beginning of sub-wave 5.

🧠 Meaning: If the price reaches 2633$, it is likely to be the end of sub-wave 3, and then the price will enter a short correction of wave 4.

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🔄 When will wave 4 form after 2633$?

• If a clear bearish reversal candle appears (like a Doji, shooting star, bearish engulfing) at or after 2633$.

• If the momentum declines (RSI starts to decline, MACD crosses negatively).

• If the price retreats from the area without breaking it with a strong candle.

🟡 In this case, we expect a slight correction towards 2540–2580$, then wave 5 will begin targeting 2700–2800$ETH .