Recently, the Ethereum (ETH) market trend has caught attention. By observing the 5-minute Candlestick Chart, we can identify an interesting three-wave pump pattern that has formed a wedge channel structure. This pattern usually indicates that the market may enter an adjustment phase, whether it's a pullback or sideways consolidation, requiring us to use professional tools for accurate judgment.

When analyzing market support levels, the Fibonacci pullback tool shows its significant value. If the price breaks below the lower boundary of the channel, it usually pulls back to the previous low. However, in a bullish scenario, the price is likely to stop falling at the key Fibonacci percentage support level, and then continue to pump.

Another analytical method worth noting is the "Speed and Channel" logic. The first wave of rapid increase can be viewed as the "Speed" phase, followed by the sideways movement to $4183, which is the first fluctuation within the channel. It is particularly important to pay attention to the pullback low after the first wave of rise, which is around $4136; this price level may form a strong support. If a second wave of rise occurs subsequently, we will be able to draw a complete channel, creating conditions for capturing the fourth wave, the fifth wave rise, or even a breakout.

In this market structure, accurately grasping the market rhythm is crucial. Whether it's the slight fluctuations during the adjustment process or the potential major pump that may follow, there could be profit opportunities for traders. However, it is important to remind that the cryptocurrency market is highly volatile, and traders should operate cautiously and manage risks effectively.