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Ethereum Support and Resistance Levels: Latest Elliott Wave Forecast for ETH and Microstructure

#Airdrop Farming
2025-07-17 17:077 min read

Content Introduction

This video provides an update on the price action of Ethereum, highlighting that the price is currently in a third wave and suggesting a potential rise to $4,100. The speaker discusses recent price movements, emphasizing the importance of maintaining above $3,150 for upward pressure. They also cover previous updates, reinforcing the bullish scenario while acknowledging that any break below this support level could indicate a shift into a fourth wave. The overall sentiment remains positive, with expectations of continued price increases and discussions about Fibonacci levels and micro supports. The speaker encourages engagement through likes, comments, and sharing for further analysis on the Ethereum market.

Key Information

  • The video provides an update on Ethereum's price movements, noting that the price is grinding higher and still in a third wave.
  • The speaker discusses the current price action and emphasizes the importance of a potential target of $4,100, indicating it's achievable but still some way to go.
  • Reference to a detailed wave structure on smaller time frames to forecast future movements and mentions the significance of holding above $3,150 for continued upward pressure.
  • Any break below $3,150 could indicate a shift to a fourth wave, highlighting current market sentiments.
  • The speaker plans to keep the audience updated on market conditions and invites them to engage further via comments and a social media platform.

Timeline Analysis

Content Keywords

Ethereum Price Update

The video discusses recent price actions on Ethereum, indicating it is currently in a third wave aiming for potential increases up to $4,100. It references previous projections and highlights the larger daily chart context compared to smaller time frames.

Market Analysis

The speaker analyzes market dynamics, confirming that price actions are aligning with predictions. They mention support levels, including $3,150, and discuss potential future price movements, emphasizing the need for careful oversight of significant support and resistance zones.

Fibonacci Levels

Fibonacci levels are mentioned as important metrics for tracking potential price targets and adjustments, factoring into overall market expectations and strategy.

Community Engagement

The presenter encourages viewer interaction through likes, comments, and subscriptions, while inviting them to follow for additional insights and community discussions on X, emphasizing the importance of shared knowledge in navigating market trends.

Related questions&answers

What is the main topic of today's video?

The main topic of today's video is an update on Ethereum, focusing on its price movements and chart analysis.

What is the current trend for Ethereum's price according to the speaker?

The current trend for Ethereum's price is grinding higher, suggesting that it is likely still in a third wave of its price action.

What price target does the speaker mention for Ethereum?

The speaker mentions a potential price target of $4,100 for Ethereum.

What is the significance of the $3,150 price level?

The $3,150 price level is significant as it serves as a support level, and maintaining above it could keep the upward pressure high.

What might happen if the price of Ethereum breaks below $3,150?

If the price breaks below $3,150, it could lead to a test of lower support levels between $2,880 and $3,125.

How does the speaker view the possibility of a further price increase?

The speaker remains optimistic about the potential for Ethereum to continue rising, indicating that it is likely still in a third wave and more highs could be achieved.

What is the speaker's call to action at the end of the video?

The speaker encourages viewers to like the update, leave comments, subscribe to the channel, and check out the channel membership for additional updates.

Where can viewers join for additional discussions and updates?

Viewers can join discussions and get additional updates on X by following the link provided in the video's description and comment section.

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