🚨 ETH Elliott Wave Update 🚨
What we’re looking at here is a clean W-X-Y complex correction unfolding over months — a classic structure when the market wants to correct deeper without breaking the macro trend.
• Wave W completed with an ABC decline
• Wave X gave us the relief rally everyone thought was the bottom ❌
• Wave Y extended lower, subdividing into a-b-c, pulling price into the lower boundary of the corrective channel
Now we’re sitting right at the end of minor wave c of Y, the final leg of this entire structure. The pattern is mature, sellers look exhausted, and the downtrend channel is tightening — perfect conditions for a potential reversal.
🔵 The blue trendline is the key.
If ETH can punch through that level with momentum, it confirms the entire WXY correction is complete and opens the door for a major impulsive leg upward.
💥 Break the blue line → reclaim macro structure →
I believe ETH will begin the march toward new all-time highs.
This is where long-term bottoms historically form:
deep structure, clean proportions, fading downside velocity, and a clear invalidation level.
📈 Eyes on the breakout.
What we’re looking at here is a clean W-X-Y complex correction unfolding over months — a classic structure when the market wants to correct deeper without breaking the macro trend.
• Wave W completed with an ABC decline
• Wave X gave us the relief rally everyone thought was the bottom ❌
• Wave Y extended lower, subdividing into a-b-c, pulling price into the lower boundary of the corrective channel
Now we’re sitting right at the end of minor wave c of Y, the final leg of this entire structure. The pattern is mature, sellers look exhausted, and the downtrend channel is tightening — perfect conditions for a potential reversal.
🔵 The blue trendline is the key.
If ETH can punch through that level with momentum, it confirms the entire WXY correction is complete and opens the door for a major impulsive leg upward.
💥 Break the blue line → reclaim macro structure →
I believe ETH will begin the march toward new all-time highs.
This is where long-term bottoms historically form:
deep structure, clean proportions, fading downside velocity, and a clear invalidation level.
📈 Eyes on the breakout.
Ghi chú
All eyes on the blue line. 
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.