Ethereum / TetherUS
Long
Updated

[ETH] 2025.04.18

211
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ETHEREUM has been showing a steady rebound since forming a bottom near the 1,528 level.

The current chart structure clearly reflects a wave development based on the Elliott Wave Principle, which can be interpreted as a signal for a potential medium-term bullish reversal.
The detailed wave count has been provided in the idea for reference.

Projected target levels are as follows:

First target: 1,596

Second target: 1,632

Given the current positioning, a brief consolidation phase may occur, followed by a stronger technical rebound that could lead to a sequential achievement of the above targets.
The alignment between the wave structure and market compression supports the validity of the ongoing upward scenario from a technical standpoint.

Note
snapshot

1tp hit!
Trade active
snapshot

all tp hit!!!

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