ETHUSD-Just Another Correction Within Uptrend?On Ethereum, we’re seeing a retracement from the 4800 area, but we think this still can be a corrective move within the ongoing uptrend. The updated wave structure suggests this could be wave four of an incomplete bullish impulse that started from the June lows, so be aware of another push higher—ideally toward the 5000 area once the retracement completes. We see price now at strong support at 4160 - 4000 region, near the black trendline and former swing highs from December 2024, where stabilization may occur. So it appears that Ethereum has more upside ahead, especially with the October 2021 highs still intact; and before calling the end of this bull run with a larger fifth wave, we’d first need to see a breakout beyond that level, after which sharp extensions toward higher targets would be possible.
