🚀 Ethereum (ETH/USD) – Bullish Elliott Wave 5 Expansion 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
Ethereum is currently in a Wave 4 corrective phase, preparing for a Wave 5 rally. If ETH holds above key support levels and breaks resistance, we could see a strong bullish move towards 5,440 USD and beyond.
📊 Elliott Wave & Fibonacci Analysis
Ethereum's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next key targets are:
✅ Fib 0.382 (~4,058 USD) – Initial resistance. A breakout here confirms bullish momentum.
✅ Fib 0.618 (~5,440 USD) – Mid-term bullish target.
✅ Fib 1.618 (~10,408 USD) – Extended bullish scenario if Wave 5 fully plays out.
🔹 Key Support Levels:
2,199 USD (Fib 0.236) – Must hold for the bullish structure to remain valid.
2,069 USD (Fib 0.5) – Deep retracement support.
🔹 Key Resistance Levels:
3,796 USD (Fib 0.382) – Crucial breakout zone.
4,058 USD (Fib 0.5) – Confirmation of bullish trend.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
MACD lines are close to a bullish crossover, indicating momentum shift.
Histogram is contracting, suggesting sellers are losing control.
âš¡ RSI Strengthening:
Currently around 51, signaling neutral momentum.
A break above 60 RSI confirms strong bullish pressure.
📊 Volume Analysis & Market Structure
📌 Current Volume:
Volume is currently low, which indicates market indecision.
A spike in buy volume will confirm a strong breakout above 3,796 USD.
🚦 Market Structure Confirmation:
Higher lows forming – Bullish structure remains intact.
Breakout above 3,796 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above 3,796 USD with volume confirmation.
🎯 Take Profit 1: 4,058 USD (Fib 0.382)
🚀 Take Profit 2: 5,440 USD (Fib 0.618)
🌕 Take Profit 3: 10,408 USD (Fib 1.618)
🛑 Stop-Loss: Below 2,199 USD (Fib 0.236)
💡 Conclusion & Market Sentiment
Ethereum is approaching a key resistance zone at 3,796 USD. A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting 5,440 USD and beyond.
📢 Market sentiment remains cautiously bullish.
If ETH holds above 2,199 USD, the bullish structure remains intact.
MACD & RSI indicate growing momentum, but confirmation is needed.
Watch for a volume breakout above 3,796 USD before entering a trade.
📢 What’s your ETH price target? Comment below! 🔥
📈 Like & Follow for More Crypto Analysis! 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
Ethereum is currently in a Wave 4 corrective phase, preparing for a Wave 5 rally. If ETH holds above key support levels and breaks resistance, we could see a strong bullish move towards 5,440 USD and beyond.
📊 Elliott Wave & Fibonacci Analysis
Ethereum's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next key targets are:
✅ Fib 0.382 (~4,058 USD) – Initial resistance. A breakout here confirms bullish momentum.
✅ Fib 0.618 (~5,440 USD) – Mid-term bullish target.
✅ Fib 1.618 (~10,408 USD) – Extended bullish scenario if Wave 5 fully plays out.
🔹 Key Support Levels:
2,199 USD (Fib 0.236) – Must hold for the bullish structure to remain valid.
2,069 USD (Fib 0.5) – Deep retracement support.
🔹 Key Resistance Levels:
3,796 USD (Fib 0.382) – Crucial breakout zone.
4,058 USD (Fib 0.5) – Confirmation of bullish trend.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
MACD lines are close to a bullish crossover, indicating momentum shift.
Histogram is contracting, suggesting sellers are losing control.
âš¡ RSI Strengthening:
Currently around 51, signaling neutral momentum.
A break above 60 RSI confirms strong bullish pressure.
📊 Volume Analysis & Market Structure
📌 Current Volume:
Volume is currently low, which indicates market indecision.
A spike in buy volume will confirm a strong breakout above 3,796 USD.
🚦 Market Structure Confirmation:
Higher lows forming – Bullish structure remains intact.
Breakout above 3,796 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above 3,796 USD with volume confirmation.
🎯 Take Profit 1: 4,058 USD (Fib 0.382)
🚀 Take Profit 2: 5,440 USD (Fib 0.618)
🌕 Take Profit 3: 10,408 USD (Fib 1.618)
🛑 Stop-Loss: Below 2,199 USD (Fib 0.236)
💡 Conclusion & Market Sentiment
Ethereum is approaching a key resistance zone at 3,796 USD. A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting 5,440 USD and beyond.
📢 Market sentiment remains cautiously bullish.
If ETH holds above 2,199 USD, the bullish structure remains intact.
MACD & RSI indicate growing momentum, but confirmation is needed.
Watch for a volume breakout above 3,796 USD before entering a trade.
📢 What’s your ETH price target? Comment below! 🔥
📈 Like & Follow for More Crypto Analysis! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.