Ethereum (ETH) | Weekly Elliott Wave Perspective

ETH continues to trade within a higher-timeframe Elliott Wave cycle, where price action suggests the market is still transitioning through a corrective phase before the next expansion.

📊 Key observations:

Structure remains intact above long-term demand

Current zone aligns with a potential accumulation range

As long as invalidation levels hold, the broader bullish cycle remains valid

📈 From a macro cycle standpoint, ETH still has room to develop a final impulsive advance, with higher Fibonacci extensions pointing toward the $10k–$13k region over time.

⚠️ This is a cycle-based technical outlook, not a short-term prediction.

Timing is uncertain, and patience remains essential.

Educational analysis only.

Risk management comes first.