As mentioned in my previous Ethereum analysis, ETH has completed its 5-wave impulsive rally and is currently inside wave B of a corrective ABC structure. Wave B often breaks above the wave ⑤ top to trap liquidity before a sharp wave C sell-off.
📊 Latest Price Action (30m TF):
• ETH has already shown a CHoCH by breaking the first key support at $4,753 and retesting it.
• The next crucial support lies at $4,613. If this level also breaks, it would confirm a BOS (Break of Structure) and strengthen the bearish case.
🔀 Two Possible Scenarios from Here:
1. Price retests the broken $4,753 level as resistance → then resumes the downtrend.
2. A deeper pullback toward $4,845 (acting as a left shoulder liquidity zone) → before the real wave C decline begins.
🎯 Trading Strategy:
• Wait for confirmation of BOS at $4,613.
• Once confirmed, look for bearish entry triggers (CHoCH / MSB) on lower timeframes.
• First targets: $4,100 → $3,800.
• Stop-loss invalidation above the swing high at $4,845 to maintain strict risk control.
⚠️ Remember: patience is key. Don’t get trapped in wave B’s fake breakouts — let the structure confirm wave C.
👉 Like & Follow to stay updated as we track ETH’s potential wave C move step by step!
📊 Latest Price Action (30m TF):
• ETH has already shown a CHoCH by breaking the first key support at $4,753 and retesting it.
• The next crucial support lies at $4,613. If this level also breaks, it would confirm a BOS (Break of Structure) and strengthen the bearish case.
🔀 Two Possible Scenarios from Here:
1. Price retests the broken $4,753 level as resistance → then resumes the downtrend.
2. A deeper pullback toward $4,845 (acting as a left shoulder liquidity zone) → before the real wave C decline begins.
🎯 Trading Strategy:
• Wait for confirmation of BOS at $4,613.
• Once confirmed, look for bearish entry triggers (CHoCH / MSB) on lower timeframes.
• First targets: $4,100 → $3,800.
• Stop-loss invalidation above the swing high at $4,845 to maintain strict risk control.
⚠️ Remember: patience is key. Don’t get trapped in wave B’s fake breakouts — let the structure confirm wave C.
👉 Like & Follow to stay updated as we track ETH’s potential wave C move step by step!
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
📩 Contact: @CryptoPilot_1 (Telegram)
📥 Telegram Chanell : @CryptoPilot_Trading
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.