Ethereum (ETHUSD) Elliott Wave Analysis – TradingLounge – Daily Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Direction (Next Higher Degrees): –
Wave Cancel/Invalidation Level: –
Ethereum (ETHUSD) Trading Strategy
Ethereum price analysis using Elliott Wave theory suggests the asset has completed wave I near 2,873.50 USD and is now progressing through a corrective wave II. This pullback is typical before a bullish wave III impulse. The projected retracement zone for wave II lies between the 0.5 and 0.618 Fibonacci levels, or 2,295 to 2,250 USD. A confirmed breakout above 2,873.50 would validate the initiation of wave III, likely leading to a strong upward trend.
Trading Strategies
- Strategy Type: Swing Trade (Short-Term Traders)
✅ Monitor Ethereum’s price movement in the 2,295–2,250 range to identify potential entry points for wave III
🟥 Risk Management: Use a Stop Loss below 2,060 USD to limit potential losses
Ethereum (ETHUSD) Elliott Wave Analysis – TradingLounge – H4 Chart
ETHUSD Elliott Wave Technical Analysis
Function: Follow Trend
Mode: Motive
Structure: Impulse
Position: Wave 2
Direction (Next Higher Degrees): –
Wave Cancel/Invalidation Level: –
Ethereum (ETHUSD) Trading Strategy
On the H4 timeframe, the ETHUSD chart supports the broader wave structure. Ethereum remains in wave II, with a retracement target zone between 2,295 and 2,250 USD. A sustained breakout beyond 2,873.50 would confirm the beginning of wave III, indicating a strong bullish trend continuation.
Trading Strategies
- Strategy Type: Swing Trade (Short-Term Traders)
✅ Look for Ethereum price consolidation within the 2,295–2,250 zone to consider buying positions for wave III
🟥 Risk Management: Place Stop Loss below 2,060 USD to manage risk exposure
Technical Analyst: Kittiampon Somboonsod, CEWA
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