The current 4H chart of Ethereum is unfolding a 7-legged sideways corrective structure, with signs suggesting we are now in or entering the final leg of the pattern.
🔸 Wave Progression (Post-X Correction):
A → Initial push upward
B → Sharp pullback
C → Extended leg with strong momentum
D → Symmetrical pullback, 80% of B
E → Sharp upside move
F → Pulled back to D-level support
G → Potential final leg now developing
📌 Pattern Characteristics:
7-wave alternation forming within contracting boundaries
Price symmetry observed in B = F and A ≈ C ≈ E
Visual structure remains neutral and balanced
Each leg alternating in direction and behavior
📈 Expectations:
G is likely to be an upward wave, completing the structure
Target range for G: 2,660–2,700, possibly testing or briefly exceeding E
After G completes, a reversal or acceleration move is likely
🧭 What to Watch:
Reaction near upper boundary around 2,700
Any sharp rejection from that zone confirms the pattern is complete
Break of the D–F trendline post-G confirms structure termination
📊 Timeframe: 4H
Asset: ETH/USDT
Structure: Complex 7-leg correction
Outlook: Bullish short-term → Cautious after G
💬 Drop your thoughts below. Are we completing the final leg or mid-structure?
📍 Like and follow for more professional pattern analysis.
ETHUSDT ETHUSD ETHUSDT.P
🔸 Wave Progression (Post-X Correction):
A → Initial push upward
B → Sharp pullback
C → Extended leg with strong momentum
D → Symmetrical pullback, 80% of B
E → Sharp upside move
F → Pulled back to D-level support
G → Potential final leg now developing
📌 Pattern Characteristics:
7-wave alternation forming within contracting boundaries
Price symmetry observed in B = F and A ≈ C ≈ E
Visual structure remains neutral and balanced
Each leg alternating in direction and behavior
📈 Expectations:
G is likely to be an upward wave, completing the structure
Target range for G: 2,660–2,700, possibly testing or briefly exceeding E
After G completes, a reversal or acceleration move is likely
🧭 What to Watch:
Reaction near upper boundary around 2,700
Any sharp rejection from that zone confirms the pattern is complete
Break of the D–F trendline post-G confirms structure termination
📊 Timeframe: 4H
Asset: ETH/USDT
Structure: Complex 7-leg correction
Outlook: Bullish short-term → Cautious after G
💬 Drop your thoughts below. Are we completing the final leg or mid-structure?
📍 Like and follow for more professional pattern analysis.
ETHUSDT ETHUSD ETHUSDT.P 
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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.