ETH | Elliott Wave Analysis | Bear Market & Triangle Forecast

AI-generated source summary

The analysis focuses on Ethereum (ETHUSDT) using Elliott Wave theory, suggesting an ongoing three-wave correction from the 2021 high. The current interpretation points to a W-X-Y pattern, with the W wave completed to the downside, followed by an X wave to the upside that topped in April. The current phase is identified as the Y wave, also expected to be a three-wave move to the downside, targeting completion of the Y wave later this year. Specifically, the B wave of the Y wave topped in April, and the subsequent C wave is anticipated to lead to a sell-off. Based on the chart, the previous peak for the X wave was around $2500, and the current price is estimated at $1800. The predicted target for the Y wave's C wave is around $600, suggesting a significant bearish move. The analysis acknowledges an alternative interpretation of a sideways triangle but deems it less likely due to insufficient evidence. The broader outlook is a still unfolding bear market.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   03 Jul 2026, 06:45 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   03 Jul 2026, 07:44 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   03 Jul 2026, 07:44 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   03 Jul 2026, 07:44 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. Source processing completed

   03 Jul 2026, 07:44 UTC

   Source analysis and structured extraction completed.

6. Live evaluation in progress

   01 Aug 2026, 04:04 UTC

   1 signal remains active.