$ETH
The green wave 5 completed at the end of 2021, marking the beginning of a large and complex correction phase represented by the blue wave. Currently, it appears that the first sub-wave within wave y has bottomed out, indicating the completion of the minor wave 5 within the green structure.
However, the corrective wave y is still in progress. The market has now entered the second wave, corresponding to the orange wave 3. While some upward movement is expected during this phase, it's unlikely to exceed the $4,000 level—most likely peaking around the $3,000 region (highlighted in red).
After this, the final wave of the correction will begin, which is expected to break below the $885 level (purple zone). Once this move is complete, a significant bullish trend is anticipated to follow.
$ETH
The green wave 5 completed at the end of 2021, marking the beginning of a large and complex correction phase represented by the blue wave. Currently, it appears that the first sub-wave within wave y has bottomed out, indicating the completion of the minor wave 5 within the green structure.
However, the corrective wave y is still in progress. The market has now entered the second wave, corresponding to the orange wave 3. While some upward movement is expected during this phase, it's unlikely to exceed the $4,000 level—most likely peaking around the $3,000 region (highlighted in red).
After this, the final wave of the correction will begin, which is expected to break below the $885 level (purple zone). Once this move is complete, a significant bullish trend is anticipated to follow.
$ETH
