ETH 2025.05.06

103
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📊 Ethereum (ETH) Technical Analysis Report
Date: May 5, 2025

■ Summary
Ethereum is currently in a corrective phase, but the broader outlook suggests a continuation of the mid-to-long-term uptrend. Based on wave analysis, the market appears to be in the midst of a Z wave, indicating that a rebound could follow the current short-term pullback.

■ Technical Analysis
The formation of the Z wave suggests we are in the final leg of a complex correction.

Notably, the Y wave has extended to 1.272 times the length of the W wave, which aligns with typical conditions for a technical rebound.

As a result, we may see some short-term downward pressure, but the overall structure still points to a likely upside move in the coming sessions.

■ Target Levels
Target 1: 1,746

Target 2: 1,706

⚠️ Note: Prices are subject to market conditions. Always use proper stop-loss and risk management strategies.

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