Ethereum (ETH) – Fifth Wave Rally in Motion 🚀
Current Setup:
Ethereum $ETH is moving through its fifth wave of a larger third wave on the daily chart, maintaining strong bullish momentum above the $4,100 breakout level.
Targets Ahead:
Short-Term Resistance Cluster: $4,500 – $4,560 – $4,680Main Near-Term Target: $4,600Larger Fibonacci Levels: $5,230 and $5,800 if the rally extends
Support Zones:
Immediate Support: $4,373 – $4,441Breakout Floor: $4,100Wave 4 Pullback Zone: $3,876 – $3,273 if a deeper correction starts
Scenarios:
Bullish: Holding $4,373 could trigger a push to $4,600–$4,680, with room to extend toward $5,230–$5,800.Bearish Risk: Dropping below $4,100 could bring a wave 4 pullback to $3,876–$3,273.
Market View:
ETH’s breakout above $4,400 is fueling momentum toward $4,600 next. Breaking into $4,680 territory could pave the way for $5,230 and beyond. Watch $4,373–$4,441 for short-term strength, and $4,100 as the key structural line in the sand.
⚠️ do it in your own risk