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ETHUSDT
Short Entry 4,313.0400 2025-09-05 23:08 UTC
Target 3,780.0000 Fail 4,461.0000
Risk/Reward 1 : 4
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ETHUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis evaluates Ethereum (ETHUSD), Solana (SOLUSD), and Injective (INJUSD) using Elliott Wave principles. Starting with Ethereum on a 2H chart, double impulses are noted, suggesting a wave 5 nearing completion, or possible upward extension if ranging persists above 4460. A five wave down, followed by three up, suggests a corrective phase. The current corrective phase, should it take the low, confirms a reversal, aiming for higher targets. Ethereum invalidation of search is at 4460.73. Solana shows double 1-2 impulses and truncation. Next is a likely ABC wave 2 with the potential of wave 5 at 218.17. For bearish continuation it has to not take the high, before going back down to 173.16. Injective, is showing a WXY and where the wave 2 can be finished with a target is 10.787, 1.38 level. However, there is also an alternative bullish with a target up to 13.581 but the market will be facing resistance and needs liquidity. It could turn out expanding expanding diagonal and forcing the price to move higher.
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