$ETH Elliott Wave: $2.7K Battle Decides Next $2K Move đ
Ethereum is at a make-or-break level on the Weekly.
The Setup:
ABC correction completed with bottom at âŒ$1,477 (wave b), topped at âŒ$4,645 (wave c). Now rebounding from $1,450 support zone.
Key Fib Levels (from $1,477 to $4,645):
- 0.236: $2,224 â support
- 0.382: $2,687 â current resistance
- 0.5: $3,061 â next target
- 0.618: $3,435
- 0.786: $3,967
Price is fighting at $2,760, right at the 0.382. A weekly close above $2,800 opens the door to $3,061 and $3,435.
Two scenarios:
đą Bullish: Hold $2,687 â rally to $4,700 retest by late 2026 / early 2027
đŽ Bearish: Rejection at $2,800 â drop back to $2,224 / $1,850
With $BTC breaking $82K, ETH has tailwind for the bullish case. $3,061 break is the confirmation Iâm waiting for.
Whatâs your ETH target for Q4? đ
NFA DYOR
#ETH #Ethereum #BinanceSquare #TradingView #writetoearn
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Credit: Chart by @shashindamanoshan via TradingView
Ethereum is at a make-or-break level on the Weekly.
The Setup:
ABC correction completed with bottom at âŒ$1,477 (wave b), topped at âŒ$4,645 (wave c). Now rebounding from $1,450 support zone.
Key Fib Levels (from $1,477 to $4,645):
- 0.236: $2,224 â support
- 0.382: $2,687 â current resistance
- 0.5: $3,061 â next target
- 0.618: $3,435
- 0.786: $3,967
Price is fighting at $2,760, right at the 0.382. A weekly close above $2,800 opens the door to $3,061 and $3,435.
Two scenarios:
đą Bullish: Hold $2,687 â rally to $4,700 retest by late 2026 / early 2027
đŽ Bearish: Rejection at $2,800 â drop back to $2,224 / $1,850
With $BTC breaking $82K, ETH has tailwind for the bullish case. $3,061 break is the confirmation Iâm waiting for.
Whatâs your ETH target for Q4? đ
NFA DYOR
#ETH #Ethereum #BinanceSquare #TradingView #writetoearn
---
Credit: Chart by @shashindamanoshan via TradingView
