As mentioned in my previous two analyses, Ethereum rejected the $4,740 high and dropped to the $4,050 support zone, where it bounced exactly as projected.
From an Elliott Wave perspective, ETH has already completed a 5-wave impulsive structure and is now inside a corrective ABC phase. At the moment, price action is developing within wave B. Historically, wave B has the tendency to break above the top of wave ⑤, creating a bull trap and sweeping liquidity before the real wave C sell-off begins.
📉 What does this mean for traders?
Wave C is usually sharp, aggressive, and offers great risk-to-reward opportunities on the short side. But instead of rushing into shorts, the smart play is to wait for confirmation.
🎯 Trading Strategy:
1. Allow wave B to complete – watch for a liquidity grab above the $4,840–$4,800 zone.
2. Look for a CHoCH (Change of Character) / market structure break on lower timeframes (4H / 1H) as your entry trigger.
3. Enter short after confirmation, targeting the $4,100 → $3,800 zones first, with potential extension lower depending on momentum of wave C.
4. Place invalidation above the recent swing high to keep risk controlled.
⚡ This is a high-probability short setup forming, but patience and timing are crucial — don’t get trapped in wave B’s fake breakout.
👉 Follow for updates as we track the confirmation of wave C and refine the short targets!
From an Elliott Wave perspective, ETH has already completed a 5-wave impulsive structure and is now inside a corrective ABC phase. At the moment, price action is developing within wave B. Historically, wave B has the tendency to break above the top of wave ⑤, creating a bull trap and sweeping liquidity before the real wave C sell-off begins.
📉 What does this mean for traders?
Wave C is usually sharp, aggressive, and offers great risk-to-reward opportunities on the short side. But instead of rushing into shorts, the smart play is to wait for confirmation.
🎯 Trading Strategy:
1. Allow wave B to complete – watch for a liquidity grab above the $4,840–$4,800 zone.
2. Look for a CHoCH (Change of Character) / market structure break on lower timeframes (4H / 1H) as your entry trigger.
3. Enter short after confirmation, targeting the $4,100 → $3,800 zones first, with potential extension lower depending on momentum of wave C.
4. Place invalidation above the recent swing high to keep risk controlled.
⚡ This is a high-probability short setup forming, but patience and timing are crucial — don’t get trapped in wave B’s fake breakout.
👉 Follow for updates as we track the confirmation of wave C and refine the short targets!
📊 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.