Wave Analysis - ETH (8H)

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Since I shared my last analysis on ETH, the price has already dumped nearly $200. Momentum remains aggressively bearish, and the structural character won't flip overnight.

Here is the master plan and structural breakdown:

We are currently navigating the final stages of a macro Wave (2) correction before the real parabolic cycle begins. All the chop, noise, and fear you see across the market right now is simply a byproduct of this corrective cycle.

The bleeding will stop soon—precisely when the technical framework says it's ready.

Before we witness the explosive Wave (3) expansion, the internal structure of Wave (2) must fully exhaust itself. That is the (A)-(B)-(C) corrective sequence labeled on your chart in blue:

Right now, ETH is printing Wave (C).

Typically, Wave (C) = Wave (A), which aligns directly with our First Point of Interest at $2,080 (Fib 1.0 expansion).

If Wave (C) extends further, we look deeper for confluence:

Fib 1.236 - 1.618 Extension: Driving price directly toward the Main Imbalance Target around $1,998.

Sub-wave Impulsive Extension: Because this is a classic zigzag, Wave (C) unfolds in 5 impulsive sub-waves (i-ii-iii-iv-v). The terminal thrust of sub-wave (v) into high-volume nodes (HVN) will mark the macro bottom.

Confluence is king. The targets on this chart aren't random guesses—they are built at the intersection of volume profiles, institutional imbalance gaps, and structural Fibonacci extensions.

Invalidation & Structural Shift:
The bloodbath is entering its final act. The only technical trigger that would abort this lower sweep is the red KEY LEVEL at $2,520. A sustained reclaim of that level shifts the weekly market character immediately—and if that happens, the bears won't get a second chance.
After that point, hesitation for opening long positions will not be tolerated.

You have two options:

Wait for ETH to sweep below $2,000, panic along with the crowd, and try to catch a falling knife.

Stick with my roadmap, track these exact levels, and capitalize on every major swing step-by-step.

The bloodbath ends sooner than you think.

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