Ethereum/U.S. Dollar (ETHUSD) Elliott Wave Analysis – TradingLounge Daily Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Next Higher Degree Direction: Upward
Wave Cancel Invalid Level: $1,380
Ethereum (ETH) Price Forecast & Elliott Wave Strategy – Daily Chart
Ethereum has completed its recent W–X–Y corrective phase as of March, with a confirmed low at $1,380. A new impulsive uptrend is forming, suggesting the start of wave (3) in a motive sequence. The current Elliott Wave analysis projects a bullish outlook, with a possible Fibonacci extension target near $2,478.18, representing the 261.8% level.
ETHUSD Swing Trading Plan (Daily Chart):
Entry Strategy: Watch for a minor pullback followed by bullish confirmation signals to initiate long positions.
Risk Management: Keep stops below the $1,380 invalidation level to manage downside risk.
Ethereum/U.S. Dollar (ETHUSD) Elliott Wave Analysis – TradingLounge H4 Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 3
Next Higher Degree Direction: Upward
Wave Cancel Invalid Level: $1,380
Ethereum (ETH) Intraday Forecast & Trading Strategy – H4 Chart
Ethereum’s H4 chart aligns with the larger bullish trend, continuing its progression from the March low at $1,380. The Elliott Wave pattern indicates a developing wave (3), supported by a clear impulse structure. If momentum sustains, ETH could aim for the Fibonacci extension at $2,478.18.
ETHUSD Swing Trading Plan (H4 Chart):
Entry Strategy: Monitor intraday retracements and wait for bullish setups to confirm continuation.
Risk Management: Use the $1,380 level as a critical invalidation zone for protective stops.
Technical Analyst: Kittiampon Somboonsod, CEWA
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