CrediBULL Crypto|Aug 25, 2026 05:58
Like BTC, the LTF wave count on ETH gets tricky as we approach these highs, but ETH also seems to be forming a local range here which implies that we have likely completed the first 5 wave impulse off of our lows and are now in a corrective subwave.
This could technically be just like the last- that is a tight, sideways consolidation- or it could lead to a deeper pullback.
Things look relatively healthy under the hood overall- so no strong bias can be developed off of that info either here imo.
For now, watching to see how PA around this range develops, and expecting a sweep of the highs before either further consolidation, or a bit of a deeper dip.(CrediBULL Crypto)
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