$ETH

🚀 Ethereum (ETH): Is $3,000 the Next Target?

Ethereum’s current Elliott Wave structure and technical indicators suggest that the short-term bullish structure may still be intact.

📊 Key Levels:

• 🎯 Short-term target: ~$3,000

• 🟢 Key support: $2,480

• ⚠️ Warning zone: $2,427–$2,358

• 🔑 Previous high: $2,661

ETH is currently trading above the 20-day, 50-day, and 200-day moving averages. RSI(14) is around 68.29, while MACD remains positive, although momentum is starting to flatten.

📈 Bullish Scenario:

If ETH holds above $2,480 and continues to maintain its bullish structure, the next potential target could be around $3,000.

📉 Risk Scenario:

A break below the $2,427–$2,358 zone could indicate that the current five-wave impulse has ended. A deeper correction toward ~$1,900 ± $100 could then become possible.

🔭 Long-Term View:

If the larger bullish structure remains valid, the next major upside target could be $6,250+. The $5,000 level is considered an important confirmation area for a larger breakout.

⚠️ This is technical analysis, not financial advice. Crypto markets are highly volatile. Always do your own research and manage your risk.

#Ethereum #ETH #Binance #Crypto #Trading #ElliottWave