🧠 Analyzing the ETHBTC pair on the weekly timeframe, we’re potentially witnessing the final leg (Wave 5️⃣) of a massive Elliott Wave correction, aligning with historical reversal zones.
🔢 Wave Count Breakdown:
1️⃣ Initial crash from the 2017 cycle top.
2️⃣ Relief rally in 2018 (classic lower high).
3️⃣ Double-bottom accumulation near 0.017.
4️⃣ Blow-off top and 2021 euphoria.
5️⃣ Current leg — possible final flush to 0.013–0.010 zone.
⸻
📍 Key Zones to Watch:
• Immediate resistance at 0.030–0.034 — expect rejection here if price can’t break with volume.
• Target accumulation zone: 0.01348 to 0.01050 (Order Block from 2019).
• Ultimate fear zone: 0.00520 — a true black swan but unlikely unless BTC dominance spikes hard.
💥 Potential Scenarios:
🟢 Bullish Reversal: Price sweeps the lows, reclaims 0.013+, and begins a multi-year ETH outperformance.
🔴 Bear Continuation: Breakdown below 0.0060 = ETH underperformance for the foreseeable future.
⸻
💬 What It Means:
This is a macro opportunity. ETHBTC near 0.013 has historically signaled powerful altcoin seasons. We’re watching for:
• Bullish divergence.
• Structural reclaim above local resistance.
• Confirmed wave 5 completion.
📉 Current Price: 0.0252
📅 Timeframe: Weekly
🧠 Sentiment: Accumulate with caution — risk-reward is setting up favorably for long-term ETH believers.
🔢 Wave Count Breakdown:
1️⃣ Initial crash from the 2017 cycle top.
2️⃣ Relief rally in 2018 (classic lower high).
3️⃣ Double-bottom accumulation near 0.017.
4️⃣ Blow-off top and 2021 euphoria.
5️⃣ Current leg — possible final flush to 0.013–0.010 zone.
⸻
📍 Key Zones to Watch:
• Immediate resistance at 0.030–0.034 — expect rejection here if price can’t break with volume.
• Target accumulation zone: 0.01348 to 0.01050 (Order Block from 2019).
• Ultimate fear zone: 0.00520 — a true black swan but unlikely unless BTC dominance spikes hard.
💥 Potential Scenarios:
🟢 Bullish Reversal: Price sweeps the lows, reclaims 0.013+, and begins a multi-year ETH outperformance.
🔴 Bear Continuation: Breakdown below 0.0060 = ETH underperformance for the foreseeable future.
⸻
💬 What It Means:
This is a macro opportunity. ETHBTC near 0.013 has historically signaled powerful altcoin seasons. We’re watching for:
• Bullish divergence.
• Structural reclaim above local resistance.
• Confirmed wave 5 completion.
📉 Current Price: 0.0252
📅 Timeframe: Weekly
🧠 Sentiment: Accumulate with caution — risk-reward is setting up favorably for long-term ETH believers.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。