Ethereum Long Setup – Chart Analysis (June 5, 2025)

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Here is a technical analysis of Ethereum.

The current wave structure is considered to be in the final stage of a corrective wave, with the following evidence based on length ratios.

First, the 5th wave of wave C forms a length that is 0.618 times that of waves 0 to 3.
Second, the fact that wave C ended at the 0.382 Fibonacci retracement level of waves 1 to 5 increases the possibility of technical support.

As these conditions are met, the current zone is considered a valid buying point for entering a long position.

Target Prices

1st target: 2,700

2nd target: 2,750

This zone overlaps with past resistance and technical retracement ratios, making it appropriate as a short-term liquidation zone.