- Ethereum’s ABC pullback appears complete, setting up for a potentially explosive Wave 3 rally targeting $5,300 by Q1 2026.
- Bullish Fibonacci bounce at $2,600 support aligns with ETF inflows and layer-2 growth, boosting DeFi volumes 15% MoM.
- Bear risks loom at $1,400 if macro pressures intensify, urging tight risk management amid EOY volatility.
In the volatile world of cryptocurrency, few assets command as much attention as Ethereum ($ETH). As we wrap up November 2025, a fresh technical analysis from seasoned trader @TheLongInvest is turning heads, suggesting the digital silver is on the cusp of a monumental surge. Posted on X yesterday, the chart dissects ETH’s recent price action through the lens of Elliott Wave theory, declaring the ABC corrective pullback complete and paving the way for Wave 3—the most explosive phase in any bullish cycle.
ABC Correction Complete: The Analyst’s Core Thesis
For the uninitiated, Elliott Wave theory posits that markets move in repetitive patterns driven by investor psychology. Waves 1 and 2 often build the foundation, but Wave 3 delivers the fireworks, typically extending 1.618 to 2.618 times the length of Wave 1.@TheLongInvest’s TradingView chart, spanning from March to February 2026, labels the drop from $3,800 highs to $2,500 lows as the ABC retracement. Key annotations highlight support at the 0.618 Fibonacci level around $2,600, where ETH has bounced convincingly, forming a higher low.
Wave 3 Targets: $4,000 → $5,300 in Early 2026
The bull case is tantalizing: a yellow trendline projects ETH reclaiming $4,000 by year-end, with potential extensions to $5,300 in the first quarter of 2026.This aligns with broader market catalysts, including the anticipated Dencun upgrade’s full rollout and rising institutional adoption via spot ETFs. Ethereum’s layer-2 ecosystem, powering DeFi and NFTs, continues to hum, with transaction volumes up 15% month-over-month per recent Dune Analytics data. If Bitcoin’s halving afterglow sustains, ETH/BTC pair breaking its downtrend could catapult Ethereum into leadership, as noted by fellow analyst @finn_devine2 in replies.Yet, caution tempers optimism.
Fundamental Catalysts Fueling the Bull Case
The bear case, in blue, warns of a deeper retrace to $1,400 if $2,300 support crumbles amid macroeconomic headwinds like persistent Fed hikes or regulatory scrutiny from the SEC. Replies on the post echo this duality—some hail the setup as “explosive,” while skeptics remind of past false dawns, like the 50% shortfall from earlier $6,000 calls.As Ethereum hovers near $2,800 today, the setup screams opportunity for risk-tolerant traders. With 32 days to EOY, positioning for Wave 3 could mean life-changing gains, but always with stops in place. In crypto’s grand theater, timing is everything—@TheLongInvest’s call might just be the opening act.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
