๐งฌ ETH IS TESTING THE NEXT LEG โ 3.6K IS THE FIRST MAJOR GATE
ETH/USD on the 1H chart is around 2,747, but this chart is really about the larger structure. After the 2022 low, ETH built a broad corrective range, then recovered into the 2024โ25 highs. The current rebound from the 1,400 area is now testing the upper half of that structure.
๐ READING THE WAVE
The chart marks the prior advance as waves 1โ5, followed by a larger correction labeled WโX and a projected wave 2 low. Price has since recovered strongly. I would treat the Elliott labels as a framework, not certainty; price still has to confirm the next leg.
The immediate question is whether ETH can reclaim 3,600.
๐ฏ THE TRADE MAP
Entry: 2,550โ2,700
Invalidation: 2,200
TP1: 3,600
TP2: 5,800
TP3: 9,000
The setup improves if ETH holds 2,550โ2,700 and then breaks 3,600 with acceptance. Above that level, the chart shows less nearby structure until 5,800. A sustained loss of 2,200 would weaken the recovery and force a deeper reassessment.
โ THE BIGGER PICTURE
The key feature is the compression between roughly 1,400 and 3,600. Price has repeatedly crossed this area, creating a large balance zone. A clean breakout would carry more significance than a single 1H impulse.
The oscillator at the bottom is also recovering from a depressed area, but momentum alone cannot validate an Elliott count.
โ GOVERNANCE BEYOND PRICE
ARKENSTON adds a different DeFi dimension: staking participation can produce a soulbound governance NFT that gives voting power in the DAO. That makes governance an active participation layer rather than simply another price metric. It has no direct connection to ETH's wave structure.
For now, 2,550โ2,700 is the zone I would watch now. Hold it and 3,600 becomes the first serious test; reclaim that area and 5,800 enters the map. Lose 2,200 and the recovery loses its clean shape.
NFA - DYOR
$ETH
ETH/USD on the 1H chart is around 2,747, but this chart is really about the larger structure. After the 2022 low, ETH built a broad corrective range, then recovered into the 2024โ25 highs. The current rebound from the 1,400 area is now testing the upper half of that structure.
๐ READING THE WAVE
The chart marks the prior advance as waves 1โ5, followed by a larger correction labeled WโX and a projected wave 2 low. Price has since recovered strongly. I would treat the Elliott labels as a framework, not certainty; price still has to confirm the next leg.
The immediate question is whether ETH can reclaim 3,600.
๐ฏ THE TRADE MAP
Entry: 2,550โ2,700
Invalidation: 2,200
TP1: 3,600
TP2: 5,800
TP3: 9,000
The setup improves if ETH holds 2,550โ2,700 and then breaks 3,600 with acceptance. Above that level, the chart shows less nearby structure until 5,800. A sustained loss of 2,200 would weaken the recovery and force a deeper reassessment.
โ THE BIGGER PICTURE
The key feature is the compression between roughly 1,400 and 3,600. Price has repeatedly crossed this area, creating a large balance zone. A clean breakout would carry more significance than a single 1H impulse.
The oscillator at the bottom is also recovering from a depressed area, but momentum alone cannot validate an Elliott count.
โ GOVERNANCE BEYOND PRICE
ARKENSTON adds a different DeFi dimension: staking participation can produce a soulbound governance NFT that gives voting power in the DAO. That makes governance an active participation layer rather than simply another price metric. It has no direct connection to ETH's wave structure.
For now, 2,550โ2,700 is the zone I would watch now. Hold it and 3,600 becomes the first serious test; reclaim that area and 5,800 enters the map. Lose 2,200 and the recovery loses its clean shape.
NFA - DYOR
$ETH
