Primary Scenario
Our primary view is that ETH established a low just below our previous (now grayed out) Target Zone, and we expect imminent corrective rallies that could extend toward resistance levels between $2,620 and $3,656. After that, price action should reverse and dip into our green Target Zone ($1,169–$560.20), completing the ongoing correction. From there, we anticipate a return to sustained gains.
Alternative Scenario
Our alternative scenario calls for a direct sell-off below the $1,385 support, moving straight into our green Target Zone ($1,169–$560.20). In this case, the correction would wrap up sooner (probability: 40%).
Our primary view is that ETH established a low just below our previous (now grayed out) Target Zone, and we expect imminent corrective rallies that could extend toward resistance levels between $2,620 and $3,656. After that, price action should reverse and dip into our green Target Zone ($1,169–$560.20), completing the ongoing correction. From there, we anticipate a return to sustained gains.
Alternative Scenario
Our alternative scenario calls for a direct sell-off below the $1,385 support, moving straight into our green Target Zone ($1,169–$560.20). In this case, the correction would wrap up sooner (probability: 40%).
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.