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ETHUSDT
Short Entry 4,389.7800 2025-09-01 15:08 UTC
Target 4,050.0000 Fail 4,960.0000
Risk/Reward 1 : 1
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ETHUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Range Market
The analyst provides a technical analysis of ETHUSD using Elliott Wave theory on a 30-minute chart. Notes limited volatility due to stock market closures and focuses on smaller time frames because the larger time frame is already known. ETHUSD is currently in a range, undergoing a correction despite holding above critical support levels, specifically between 3374 and 4061. The larger timeframe support remains intact, suggesting the possibility of another high. He notes the potential wave targets 5530-6922. Resistance is noted between 4400 and 4550 where price rejection is occurring and he suggests a potential move down to 4050 Fibonacci extension. A break below the recent swing low around 4365 could lead to further declines toward the 4200 area. He is pointing out that because it seems corrective there may not be many new opportunities as he focuses on the extremes.
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