ETHUSDT 📈 Ethereum (ETH/USDT) – Elliott Wave Long-Term Analysis
🕒 1W Chart – Macro Projection
According to my Elliott Wave count, Ethereum is currently completing a complex WXY correction in wave 4. The final leg, wave C of (Y), could drive the price down into the key support zone between $895 – $865, aligning with the 161.8% Fibonacci extension.
✅ Buy zone: $895 – $865
❌ Invalidation: sustained break below $865
🔴 Major resistance: $3,509
🚀 If the structure plays out, a powerful wave III-IV-V rally could follow, with long-term targets potentially above $9,000 by 2034.
This scenario remains valid as long as the corrective wave stays above the invalidation level. A bullish macro structure is still intact.
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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.