Ethereum / TetherUS
Long
Updated

Ethereum (ETH/USDT) โ€“ Elliott Wave Long-Term Analysis

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ETHUSDT
๐Ÿ“ˆ Ethereum (ETH/USDT) โ€“ Elliott Wave Long-Term Analysis
๐Ÿ•’ 1W Chart โ€“ Macro Projection

According to my Elliott Wave count, Ethereum is currently completing a complex WXY correction in wave 4. The final leg, wave C of (Y), could drive the price down into the key support zone between $895 โ€“ $865, aligning with the 161.8% Fibonacci extension.

โœ… Buy zone: $895 โ€“ $865
โŒ Invalidation: sustained break below $865
๐Ÿ”ด Major resistance: $3,509

๐Ÿš€ If the structure plays out, a powerful wave III-IV-V rally could follow, with long-term targets potentially above $9,000 by 2034.

This scenario remains valid as long as the corrective wave stays above the invalidation level. A bullish macro structure is still intact.

๐Ÿ’ฌ Drop your thoughts or alternate counts in the comments!
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