Ethereum (ETH/USD) Weekly Analysis🚀 Ethereum (ETH/USD) – Bullish Elliott Wave 5 Expansion 🚀
📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
Ethereum is currently in a Wave 4 corrective phase, preparing for a Wave 5 rally. If ETH holds above key support levels and breaks resistance, we could see a strong bullish move towards 5,440 USD and beyond.
📊 Elliott Wave & Fibonacci Analysis
Ethereum's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next key targets are:
✅ Fib 0.382 (~4,058 USD) – Initial resistance. A breakout here confirms bullish momentum.
✅ Fib 0.618 (~5,440 USD) – Mid-term bullish target.
✅ Fib 1.618 (~10,408 USD) – Extended bullish scenario if Wave 5 fully plays out.
🔹 Key Support Levels:
2,199 USD (Fib 0.236) – Must hold for the bullish structure to remain valid.
2,069 USD (Fib 0.5) – Deep retracement support.
🔹 Key Resistance Levels:
3,796 USD (Fib 0.382) – Crucial breakout zone.
4,058 USD (Fib 0.5) – Confirmation of bullish trend.
📉 MACD & RSI Confirmation
📊 MACD Analysis:
MACD lines are close to a bullish crossover, indicating momentum shift.
Histogram is contracting, suggesting sellers are losing control.
⚡ RSI Strengthening:
Currently around 51, signaling neutral momentum.
A break above 60 RSI confirms strong bullish pressure.
📊 Volume Analysis & Market Structure
📌 Current Volume:
Volume is currently low, which indicates market indecision.
A spike in buy volume will confirm a strong breakout above 3,796 USD.
🚦 Market Structure Confirmation:
Higher lows forming – Bullish structure remains intact.
Breakout above 3,796 USD + volume spike = Strong Wave 5 rally potential.
✅ Bullish Trade Plan
🔹 Entry Trigger: Breakout above 3,796 USD with volume confirmation.
🎯 Take Profit 1: 4,058 USD (Fib 0.382)
🚀 Take Profit 2: 5,440 USD (Fib 0.618)
🌕 Take Profit 3: 10,408 USD (Fib 1.618)
🛑 Stop-Loss: Below 2,199 USD (Fib 0.236)
💡 Conclusion & Market Sentiment
Ethereum is approaching a key resistance zone at 3,796 USD. A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting 5,440 USD and beyond.
📢 Market sentiment remains cautiously bullish.
If ETH holds above 2,199 USD, the bullish structure remains intact.
MACD & RSI indicate growing momentum, but confirmation is needed.
Watch for a volume breakout above 3,796 USD before entering a trade.
📢 What’s your ETH price target? Comment below! 🔥
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