Elliott Wave View: Ethereum (ETH) Correcting in Double Three
Ethereum completed its cycle from the August 2025 low, forming wave 1 through a five-wave impulse structure. Starting from the August 3, 2025 low, wave ((i)) peaked at $3,737.4, followed by a pullback in wave ((ii)) to $3,545.2. The cryptocurrency then surged in wave ((iii)) to $4,332.7, with a subsequent dip in wave ((iv)) concluding at $4,165.5. The final leg, wave ((v)), reached $4,791.5, finalizing wave 1 in a higher degree. This upward movement reflects Ethereum’s strong bullish momentum during this phase.
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