Ethereum Correction Ending? Next Bullish Wave Loading!

[lingriiddd]

In the previous idea, I was able to find the Ethereum price top at $4,788. The question is, has the Ethereum correction begun, or is there still hope for the creation of a new All-Time High(ATH)?

Ethereum(ETHUSDT) is currently trading near the Support zone($4,240-$4,186), Cumulative Long Liquidation Leverage($4,205-$4,158), and important Support lines.

In terms of Elliott Wave theory, it seems that Ethereum has completed a corrective wave. The corrective wave has a Double Three Correction structure(WXY). If the Resistance zone($4,410-$4,324) and Cumulative Short Liquidation Leverage($4,416-$4,375) are broken, we can confirm the end of the corrective wave.

I expect Ethereum to start rising from important support lines and rise to at least $4,373.

Second Target: $4,484

Third Target: $4,607

Stop Loss: $4,097

Note: Today's Fed Chair Powell Speaks can create excitement in financial markets, especially crypto.

Please respect each other's ideas and express them politely if you agree or disagree.

Ethereum Analyze (ETHUSDT), 1-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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[Nahid10]

Great analysis! The Double Three corrective pattern (WXY) you highlighted makes a lot of sense with the current structure. The way ETH respected the $4,240–$4,186 support zone shows there’s real demand there. I agree that breaking through $4,410–$4,324 will be the key confirmation that the correction is complete. Your targets at $4,373 → $4,484 → $4

[jacson4]

Very well put! I like that you combined Elliott Wave with liquidation zones and liquidity levels — that’s what gives confluence. The stop loss at $4,097 is logical, sitting just below strong support, so risk/reward looks good if this plays out. Also, good reminder about Powell’s speech today — volatility spikes could be the catalyst for ETH to finally break resistance. Either way, this plan keeps both upside targets and downside protection in check. Smart trading mindset!

[Maxwell]

Great breakdown! The WXY correction structure makes sense here — holding support could easily open the path to 4,484 and beyond.

[rafihasan]

Nice confluence between liquidation levels and Elliott Wave count. If 4,410+ breaks, I agree a new push toward ATH is back on the table

[Nahiar806]

Solid plan with clear levels and stop loss. Love how you tied technicals with today’s Powell speech — risk management is key