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#ETH – Structure Still Strong 💪:
#ETH just closed the CME gap and is now retesting the top of the previous wave structure ( Wave1).
In Elliott Wave theory, Wave 4 can overlap Wave 1 in crypto, unlike legacy markets , so this retest is still within acceptable structure. ⚙️📊
Key Structural Insight 🔍
▫️If #ETH holds above the $2,200 level, the wave count remains valid.
▫️If price stabilizes here, the chart still supports the potential for a final impulsive leg.
Potential Fibonacci Extensions 🎯
Based on Fib projections for the next impulsive move:
▫️Fib 1.272 → Zone One $5,731
▫️Fib 1.414 → Zone Two $6,246
▫️Fib 1.618 → Zone Three $7,067
Each zone represents a typical Elliott Wave extension seen in strong crypto markets, not guarantees, just structure-based possibilities.
#ETH WILL LEAD