Technical analysis by polarity about Symbol ETH on 10/17/2025

Market Structure Outlook If you zoom out to a 4-hour time frame, the current structure resembles a corrective Wave 4 within a larger 1-2-3-4-5 impulsive wave. Based on the recent price behavior, it looks like we are forming Wave E within that corrective Wave 4. This is one of the most unpredictable parts of an Elliott Wave structure. To make things trickier, ongoing geopolitical tensions could easily push the market in either direction, amplifying volatility. From a structural standpoint: We may be in an incomplete Wave E that is trending downward. If any positive or neutral news (e.g., tariff or rate-related) comes out before the pattern finishes, it could push the price upward, breaking through the upper resistance and potentially initiating Wave 5. Alternatively, what appears to be Wave E could actually be the first subwave (1) of a larger Wave 3 or Wave 5, which would confirm a new impulsive leg starting soon. Keep in mind, this is a theoretical framework based on Fibonacci levels, trendline support/resistance, and typical wave structure behavior. It is not a prediction, but a scenario map that allows for: Bullish breakout (green path) if market sentiment improves or news provides a catalyst. Continuation to the downside (red path) if no significant positive catalyst appears. Use this framework as a conditional roadmap — adjust your positioning and risk accordingly, based on how price reacts to these key levels and structure boundaries.