In this video I break down the current Ethereum price action and what the Elliott Wave structure suggests for the coming weeks. We examine the ongoing rally against key resistance levels to determine if this is a genuine trend reversal or merely a corrective bounce within a larger downtrend.
I explore the specific price targets for both bulls and bears, focusing on the significance of the recent three wave move and what a potential rejection at current resistance implies for the next leg down. We also cover the critical support levels that need to hold to prevent further downside, providing a comprehensive outlook for your trading strategy.
Whether you are looking for technical analysis on Ether or trying to understand the current market sentiment, this video provides a clear roadmap. I share my perspective on the short term pullback potential and why maintaining a cautious view on the larger market structure is essential during this phase.
Timestamps:
0:00 – Ethereum price structure
2:35 – Short term analysis
3:20 – Support and resistance outlook
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⚠️ Disclaimer
The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws.
All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor.
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