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Ethereum is most likely completing its 4th wave correction as a triple combo (WXYXZ) wave. Characteristically, such corrections are among the most exhausting and frustrating waves for investors because price movements are complex, with sharp ups and downs constantly creating uncertainty in the market.
In this context, the $1260-$1600 range stands out as a strong support zone for the 4th wave. When the price reaches this region, liquidity is likely to be gathered, and major players may start buying. If we see a strong reaction from this level, I expect Ethereum to transition into the 5th wave and move toward a new macro peak.
As this process begins, Ethereum entering an uptrend will significantly impact many altcoins. In particular, projects within the Ethereum ecosystem, Layer 2 solutions, DeFi, and AI projects could gain strong momentum. In the upcoming period, I anticipate Ethereum increasing its market dominance and triggering a new bull wave in the crypto market.
