$ETH Technical Analysis

Globally, nothing has changed for Ethereum — the market structure remains exactly the same as before.

On the 4-hour timeframe, we have clearly seen a strong and very deep impulsive move to the downside. Despite its strength, this move still represents the same five-wave decline that was outlined from the very beginning. In other words, this move marked the completion of the global second Elliott Wave.

Although the correction was sharp and aggressive, structurally it fits perfectly within the Elliott Wave model. After the completion of such a deep corrective wave, the market typically requires a significant relief move.

At this stage, following the completion of the correction, a rebound of at least 50% from the current market price is expected. This move would be a natural market reaction after an overextended decline and aligns with classic Elliott Wave behavior.

The overall global bias remains intact, and the current price action should be viewed as a corrective phase rather than a trend reversal.

Ethereum – Global Take Profit Targets

Based on the global Elliott Wave structure, the following four potential take-profit levels are outlined for Ethereum. These targets are derived from the projected third and fifth upcoming Elliott Waves, as well as key Fibonacci retracement and extension levels.

TP1: 3,429

TP2: 4,924

TP3: 7,153

TP4: 10,81

These targets represent key levels where partial or full profit-taking may be considered, depending on overall market conditions and momentum strength.

Higher targets remain valid as long as the global bullish structure holds and price continues to respect bullish continuation after the completion of the deep corrective wave.