Is Ethereum Preparing for a Breakout or Another Rejection?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 15 Aug 2026, 01:00 UTC
- Recorded by Tahlil Plus
- 15 Aug 2026, 01:24 UTC
AI-generated source summary
The analysis suggests that Ethereum (ETH) is currently in a sideways consolidation phase, exhibiting a three-wave structure (A-B-C) on the hourly chart. The presenter suggests that this consolidation might be part of a larger wave four in a broader Elliott Wave count. The current price is struggling to break above the resistance at approximately $1,900-$2,000. The presenter anticipates that Ethereum will likely continue its downtrend, potentially forming a triangle pattern as part of a larger corrective wave. A key resistance level to watch is around $2,026, and if the price fails to hold above $1,821, it could indicate a move lower. The target for this bearish outlook is around $1,400, with a potential lower target of $1,085. The analysis highlights the importance of monitoring Bitcoin's movement as well, as it often influences Ethereum's price action. The presenter notes the lack of strong bullish momentum and sees potential for further downside if key support levels are broken.
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