ETH/USD Elliott Wave Analysis
Ethereum is the second-largest cryptocurrency and the backbone of DeFi and smart contract ecosystems. Its price dynamics are influenced by network upgrades, staking yields, and BTC correlation.
ETH/USD wave structures tend to follow BTC's macro count but with higher beta. ETH Wave 3 extensions are typically larger than BTC's (200-261.8%). The ETH/BTC ratio can help identify when ETH is leading or lagging.
Key levels at $2,000, $3,000, $4,000, $5,000. All-time high at ~$4,900 is a major resistance/target.
Count ETH waves alongside BTC. When both show a bullish Wave 3, ETH typically outperforms. When they diverge, follow BTC's count as the primary guide.
H4 Wave Count
4-hour timeframe for precise entry timing
Daily Wave Count
Primary trading timeframe structure
Weekly Wave Count
Macro context and trend direction
Fibonacci Targets
Precise price targets from wave structure
Invalidation Levels
Exact price where the count is wrong
Alternative Scenario
What happens if the primary count fails
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Updated before London open, every trading day. H4, Daily, and Weekly wave counts with precise Fibonacci targets.