Ethereum continues to move inside a short-term descending channel. Based on the Neowave count, the current structure can be interpreted as wave G of a Diametric pattern.
🔑 Main Scenario:
• If ETH manages to hold above 4315, buyers could regain control.
• In that case, a move toward the channel’s upper boundary around 4410 is likely, completing wave G of the Diametric.
⚠️ Alternative Scenario:
• Failure to sustain above 4315 will keep the bearish tone intact.
• In this case, ETH may retest the lower boundary of the channel, with possible extensions toward 4200–4150.
📌 Conclusion:
Ethereum is at a decision point. A confirmed breakout above 4315 opens room for a rally to 4410, while rejection from this level could extend the corrective phase lower.
🔑 Main Scenario:
• If ETH manages to hold above 4315, buyers could regain control.
• In that case, a move toward the channel’s upper boundary around 4410 is likely, completing wave G of the Diametric.
⚠️ Alternative Scenario:
• Failure to sustain above 4315 will keep the bearish tone intact.
• In this case, ETH may retest the lower boundary of the channel, with possible extensions toward 4200–4150.
📌 Conclusion:
Ethereum is at a decision point. A confirmed breakout above 4315 opens room for a rally to 4410, while rejection from this level could extend the corrective phase lower.
📊 CryptoPilot – Advanced Technical Analysis for BTC & Altcoins
🔎 Smart Money • Price Action • NeoWave • Multi-Timeframe Context
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🔎 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.