Ethereum: Correction to $1,300–$1,500 and Rise to $2,500–$2,800

#Ethereum Price Analysis: Correction to $1,300–$1,500 Before Potential Rise to $2,500–$2,800

Let’s break down why Ethereum (ETH) might correct to the $1,300–$1,500 range and then potentially rise to $2,500–$2,800 (with increased risk beyond that).

Technical Analysis

On the ETH/USDC 5-day timeframe chart from Coinbase, key points confirm a correction to $1,300–$1,500:

1. Correction Target: $1,300–$1,500 ("Coinbase orders")

• Limit orders were placed on Coinbase before the drop.

2. Hyperliquid Liquidation Map

• According to the Hyperliquid Liquidation Map, the liquidation level for long traders is at $1,337.00, within the target zone of $1,300–$1,500.

• A price drop to this level could trigger a cascade of liquidations, and market makers might accumulate positions at the lowest prices, specifically in the liquidation area.

3. Elliott Waves

• We’re completing the 5th wave and starting to form a reversal. This event will roughly coincide with the S&P 500’s reversal.

What Event Could Trigger the Correction?

• An expected Bitcoin correction to $70,000–$76,000 could trigger Ethereum’s drop, as the altcoin market historically follows BTC.

• I’ve previously shared this Bitcoin idea; we’re waiting for it.

Potential Targets for Ethereum Before a Global Downturn

Look for an exit point in this area: $2,500.00–$2,800.00

➖ This is approximately the 61.8% Fibonacci level

➖ A significant area according to the Volume Profile

➖ Large sell orders on Binance at $2,500, $2,800, and $3,000

➖ On Coinbase, they’re getting smarter and splitting orders into 500–600 ETH.

➡️ In Summary for Ethereum

This makes the $1,300–$1,500 range attractive for buying the dip.

交易开始

The #Ethereum trade is still active, the targets remain the same.