mekl

$ETH Update I still primarily expect that we are entering a Wave 4 correction. Key correction zone: $4,285 – $3,535 Rule: corrections usually retest the previous internal Wave 4 → so we should at least see a lower low under $4,062. Wave 4 corrections are time-based → likely we’ll see an extended sideways range before continuation. On the right side of my chart, I’ve sketched an alternative scenario: Wave 4 already completed, which would mean we push directly into Wave 5. In that case, the target zone would be $5,700 – $6,800, but that would also imply the completion of this upward structure, followed by a much larger correction. I favor the Wave 4 sideways scenario for several reasons: Wave 3 itself was very extended → not typical for a clean new 1–2 setup. Within Wave 3, Wave 4 to Wave 5 was extremely extended → extended 5s often appear in Wave 3s. #MarketPullback