{"id":19118,"date":"2025-12-15T22:59:21","date_gmt":"2025-12-15T22:59:21","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=19118"},"modified":"2025-12-15T22:59:22","modified_gmt":"2025-12-15T22:59:22","slug":"ethereum-support-looms-nearby","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/elliott-wave\/ethereum-support-looms-nearby\/","title":{"rendered":"Ethereum Elliott Wave: Support Looms Nearby"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ethereum is falling and may find support near <strong>$2,940<\/strong> and <strong>$2,801<\/strong><\/li>\n\n\n\n<li>If support is found, then the next rally may carry up to <strong>$3,732<\/strong> and <strong>$4,243<\/strong><\/li>\n\n\n\n<li>This bullish view is valid so long as the prices hold above <strong>$2,623<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Ethereum Elliott Wave Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"794\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/12\/ETHUSD_2025-12-15_16-38-50-1024x794.png\" alt=\"\" class=\"wp-image-19120\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/12\/ETHUSD_2025-12-15_16-38-50-1024x794.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/12\/ETHUSD_2025-12-15_16-38-50-300x232.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/12\/ETHUSD_2025-12-15_16-38-50-768x595.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/12\/ETHUSD_2025-12-15_16-38-50.png 1173w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Ethereum price declining in an apparent <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave<\/a> ii of a larger 5-wave sequence.<\/p>\n\n\n\n<p>Under this model, the price of Ethereum may decline to <strong>$2940<\/strong> and possibly <strong>$2800<\/strong> then rally to<strong> $3,732 and possibly $4,243<\/strong>. The key bullish level is $2623.<\/p>\n\n\n\n<p>The rally from November 21 is considered a leading diagonal pattern, representing a <a href=\"https:\/\/alchemymarkets.com\/education\/strategies\/rising-wedge-pattern\/\">rising wedge<\/a>. The diagonal unfolds in 5-waves, then is followed by a corrective pattern.<\/p>\n\n\n\n<p>Once the top was in place for the leading diagonal, the Ethereum price has declined below the <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">support trend line<\/a> formed by the wave 2 and 4 lows. After breaking below the low, ETH price has rallied to retest the underside of the broken trend line.<\/p>\n\n\n\n<p>Using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-retracement\/\">Fibonacci retracement<\/a> levels, we can set potential targets to the downside at the 61.8% and possibly 78.6% levels. This implies downside targets of $2940 and possibly $2800.<\/p>\n\n\n\n<p>If the bottom does form near these levels, then we can apply the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension<\/a> tool between the proposed wave i and ii to determine where wave iii might travel to. It appears some upward targets may include $3,732 and possibly $4,243.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>This downward trend that began December 10 may be reaching its final stages near $2,940 and $2,800. If this forecast is correct, then an upward target may include $3,732 and possibly $4,243. This forecast remains valid so long as the Ethereum price remains above the November low of $2,623.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum Elliott wave pattern suggests a bullish rally looming nearby. Read more to discover the key levels we are following.<\/p>\n","protected":false},"author":160,"featured_media":19126,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-19118","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Elliott Wave: Support Looms Nearby - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"The Ethereum Elliott wave pattern suggests a bullish rally looming nearby. 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