🚨 ETHEREUM $ETH PREPARES FOR A HEALTHY WAVE 4 RESET
Ethereum is finishing its third impulse wave near $2,547 after a strong multi-week rally off the summer lows
Following a sharp rally of this size, market mechanics favor a temporary consolidation phase before the next leg higher
Two primary pullback scenarios are currently on the radar:
Shallow Reset -> Hold $2,324 support -> bounce to $2,784–$2,966
Deeper Reset -> Lose $2,324 -> drop into the $2,112–$2,222 demand zone
Key structural levels to monitor:
> Immediate Resistance: $2,547 (Impulse Wave 3 High)
> Shallow Support: $2,324 (0.236 Retracement Line)
> Main Demand Zone: $2,112–$2,222 (Key Support Floor)
> Macro Target: $2,784–$2,966 (Yearly Open)
Because the previous pullback was sharp, odds lean toward a slower, flatter consolidation range before buyers launch Wave 5 toward the $2,900+ target
Follow + notifs on, I will keep you updated
Ethereum is finishing its third impulse wave near $2,547 after a strong multi-week rally off the summer lows
Following a sharp rally of this size, market mechanics favor a temporary consolidation phase before the next leg higher
Two primary pullback scenarios are currently on the radar:
Shallow Reset -> Hold $2,324 support -> bounce to $2,784–$2,966
Deeper Reset -> Lose $2,324 -> drop into the $2,112–$2,222 demand zone
Key structural levels to monitor:
> Immediate Resistance: $2,547 (Impulse Wave 3 High)
> Shallow Support: $2,324 (0.236 Retracement Line)
> Main Demand Zone: $2,112–$2,222 (Key Support Floor)
> Macro Target: $2,784–$2,966 (Yearly Open)
Because the previous pullback was sharp, odds lean toward a slower, flatter consolidation range before buyers launch Wave 5 toward the $2,900+ target
Follow + notifs on, I will keep you updated
