๐Ÿ”น Ethereum ($ETH ) ๐Ÿ”น

๐Ÿ“ Current Setup:

ETH trading above $4,612 (78.6% Fibonacci extension) after breaking $4,400

Next major targets: $4,850 โ€“ $4,900 (2021 high zone)

Uptrend intact; in a third wave which often extends further before pullback

๐Ÿ“Š Key Levels:

Immediate Resistance: $4,762 โ†’ $4,850 โ†’ $4,900

Short-term Support: $4,558 (minor), $4,427 (critical micro support)

Major Breakout Point: $4,100 (must hold to maintain bullish structure)

Deeper Pullback Support: $3,319 (Fibonacci daily support zone โ€“ still bullish if held)

๐Ÿ“ˆ Scenarios:

Bullish Path (Preferred):

Hold above $4,427 โ†’ push toward $4,762 and $4,900

Third wave extension still likely before a fourth wave pullback

Bearish Trigger:

Break below $4,427 โ†’ signals start of larger Wave 4 correction

Break below $4,100 โ†’ deeper retracement possible toward $3,319

๐Ÿ’ก Market Takeaway:

ETH remains in a strong uptrend with momentum favoring $4,900. Pullback is due but not yet confirmed. As long as $4,427 holds, bulls remain in control. Risk/reward begins to tighten as price nears vertical third-wave peak.

#ETH #Ethereum #CryptoUpdate #ElliottWave #BinanceSquare #BullRun