📊 Timeframe: 2Day Chart
📉 Market: ETH USD

Potential Bullish Reversal Ahead

ETH has just completed a textbook WXY correction, with the final wave Y terminating in a classic 5-wave falling wedge structure — a pattern often associated with trend exhaustion and bullish reversal potential.

🧠 Wave Breakdown:

• The move initiated from a major Wave 5 top, followed by:

  • 🔻 A sharp decline into Wave W

  • 🔺 A shallow corrective rally in Wave X

  • 🔻 An extended Wave Y, which subdivided into a clear 5-wave impulse

Wave 5 of Y concluded right at the lower boundary of the wedge, a strong confluence zone that indicates bearish momentum may be fading.

🔍 What This Means:

We are now at a critical juncture. The structure is complete, and all signs point to a potential bullish breakout. A confirmed reversal here would likely initiate a strong impulsive leg to the upside, with targets projecting above $5,000 🚀.