Wave Analysis of ETH - 4-Hour Frame (until June 28, 2025):

General Trend:

The price has been moving in an upward channel since the bottom of June 17, with increasing momentum and breakouts of local resistance levels.

Likely Scenario (5 Wave Impulsive Pattern):

1. Wave 1: Beginning of the rise from the support area near 3270$ → Rise to 3510$

2. Wave 2: Correction to approximately 0.5 Fibonacci level (3380$)

3. Wave 3: Strong wave reaching areas of 3680$ (usually the longest)

4. Wave 4: Horizontal or downward sloping correction near 3570$

5. Wave 5 (Ongoing): Targeting additional rise towards 3750$ - 3820$ if the price maintains momentum.

Alternative Scenario (Corrective ABC):

If the price fails to break 3680$ and remains below it, what we have seen could just be a corrective wave:

A: Rise to 3510$

B: Drop to 3380$

C: Rise to 3680$ → followed by a strong drop

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💧 Liquidity and Momentum:

Trading volumes are moderate but increasing with breakouts of resistances.

RSI and MACD indicators indicate bullish momentum but close to the overbought area.

Suggested Entry and Exit Points:

Condition Entry Point Stop Loss Target

Important Support and Resistance Levels:

Support: 3570$ - 3510$ - 3380$

Resistance: 3680$ - 3750$ - 3820$