Ethereum Wave 3 in Play? Eyes on the $4500 Target
Ethereum may currently be progressing through a wave 3, which is often the strongest leg of an impulse. The structure so far supports that idea, and based on standard projections, the most likely target sits near $4500.
If price can break and hold above the 4k level, we could see a consolidation forming above the previous high. That would be a constructive sign and might set up the next leg higher.
But there’s still a chance ETH struggles to clear that level. If that happens, consolidation could form just underneath, which would still be acceptable within a wave 3 framework. What matters next is the shape and depth of the pullback.
Wave 4 will be the key. A shallow or sideways correction would keep bullish momentum intact. A deeper pullback doesn't ruin the structure, but it does mean we’ll need to watch support zones more closely.
If wave 4 behaves well and broader market conditions stay supportive, then a final wave 5 could bring ETH into the $5000 region. That’s the upper edge of this current roadmap, based on conservative assumptions.
Stay flexible. Let the structure guide the bias.
Ethereum may currently be progressing through a wave 3, which is often the strongest leg of an impulse. The structure so far supports that idea, and based on standard projections, the most likely target sits near $4500.
If price can break and hold above the 4k level, we could see a consolidation forming above the previous high. That would be a constructive sign and might set up the next leg higher.
But there’s still a chance ETH struggles to clear that level. If that happens, consolidation could form just underneath, which would still be acceptable within a wave 3 framework. What matters next is the shape and depth of the pullback.
Wave 4 will be the key. A shallow or sideways correction would keep bullish momentum intact. A deeper pullback doesn't ruin the structure, but it does mean we’ll need to watch support zones more closely.
If wave 4 behaves well and broader market conditions stay supportive, then a final wave 5 could bring ETH into the $5000 region. That’s the upper edge of this current roadmap, based on conservative assumptions.
Stay flexible. Let the structure guide the bias.
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Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
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.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
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.