ETHUSD 🔵 Macro Count Overview
Ethereum has been unfolding a clean macro impulsive structure since the 2021 high and 2022 low:
November 2021: Major Wave ① top
June 2022: Bear market bottom, forming Wave ②
From there, we began a new impulsive cycle with a clear internal structure:
→ 1-2-3-4-5, which completed Wave (1) in December 2024
🟢 Recent Developments – The Foundation for Wave (3)
Over the last few weeks, Ethereum has formed a textbook Wave (2) bottom.
The correction respected the Fibonacci retracement zones perfectly and provided a strong base.
We’ve already seen a clean breakout to the upside, signaling that Wave (3) may now be underway.
🟨 What’s Next – Building Wave (3)
We are now likely in the early stages of Wave (3), which is expected to unfold in a yellow internal 1-2-3-4-5 structure.
This sequence will drive the price into significantly higher zones, confirming the start of a powerful bullish leg.
🎯 Target Zone for Wave (3):
$6,600 – $7,200
Based on Fibonacci extensions of the prior impulse (Wave 1)
Potential for higher extensions if momentum and volume align
Psychological resistance may act as short-term hurdles, but structure points higher
✅ Conclusion
Ethereum has completed its macro Wave (2) correction and is now gearing up for an extended Wave (3). With a breakout already underway, the internal structure points to a 5-wave advance likely aiming for $6,600–$7,200 or higher. As long as recent lows hold, this scenario remains firmly in play.
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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.