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Elliott Wave Analysis – TradingLounge Daily Chart, Ethereum / U.S. Dollar (ETHUSD)

ETHUSD Elliott Wave Technical Overview

Function: Trend Following

Mode: Motive

Structure: Impulsive

Wave Position: Wave 3

Direction (Next Higher Degree): Pending Confirmation

Wave Invalid Level: Not specified

Ethereum (ETHUSD) – Trading Strategy
Ethereum has shown a strong push in wave (3), followed by a consolidation phase forming either a running triangle or a flat correction. This suggests readiness for wave (5), potentially the last part of this bullish sequence. The third wave concluded near $2,736.32 with clear extension properties, while current movement suggests positioning within wave (4).

Trading Strategies

Main Strategy:

Short-Term Swing Traders

Monitor the $2,350–$2,400 range for possible price reversals.

Risk Control:

Place stop-loss orders beneath $2,320 to protect against structure breakdown.

Elliott Wave Analysis – TradingLounge H4 Chart, Ethereum / U.S. Dollar (ETHUSD)

ETHUSD Elliott Wave Technical Overview

Function: Trend Following

Mode: Motive

Structure: Impulsive

Wave Position: Wave 3

Direction (Next Higher Degree): Pending Confirmation

Wave Invalid Level: Not specified

Ethereum (ETHUSD) – Trading Strategy
Ethereum’s sharp movement in wave (3) has paused into a consolidation that looks like a running triangle or a flat formation, hinting at the build-up for wave (5). The extended wave (3) completed at $2,736.32, while wave (4) is shaping up, potentially ending soon and setting up the final bullish push.

Trading Strategies

Main Strategy:

Short-Term Swing Traders

Focus on the $2,350–$2,400 area to gauge price movement.

Risk Control:

Position stop-loss under $2,320 for safety against structural reversal.

Analyst: Kittiampon Somboonsod, CEWA

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