Major Key Points to Consider
- Primary Scenario (Bullish) : Consider Open Buy Positions from corrections above the level of 2900 with a target of 5300 – 5500. A Buy signal: the price holds above 2800. Stop Loss: above 2650, Take Profit: 5300-5500.
- Alternative Scenario (Bearish): Breakout and consolidation below the level of 2700 will allow the pair to continue decline to the levels of 2550– 2250. A Sell signal: the level of 2700 is broken to the Downside. Stop Loss: above 2850, Take Profit: 2550– 2250.
Technical Indicators
Trend: Short-term consolidation within a long-term uptrend
Support Levels: 2900 – 3000
Resistance Levels: 3650- 3550
Momentum: Neutral to bullish on daily timeframe
Elliott Wave Analysis
On A Weekly Chart : A Rising Larger Wave 5 of Degree 5 is developing on the weekly chart of ETH/USD. Within this Larger Wave of Degree 5, the smaller wave of degree 4 is developing as wave 2 from August 2025.
On A Daily Chart : A Downward Wave Y of Degree 4 is developing on the daily chart of ETHUSD. The Wave w and x Has been completed on September 2025 and October 2025 of degree 3. The wave Y of Degree 4 is about to Finish or may be ended in quick recent time. To determine this the traders must wait till development.
On A 4-Hours Chart : The Final Wave Y leg of Wave 2 correction is still in process and about to end. Within this wave Y, The Smaller degree wave ((iv)) has been completed and price is moving in last phase of correction as wave ((v)) of Wave Y of large Wave (2).
If this Presumption is correct then ETH/USD may continue to Rise to the Price levels of 5300– 5500 after getting correction over.
ETH/USD : Current Rate in the Market
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of Webmile | Markets [A propriety of SingleDot Technologies]. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice. According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
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