Technical analysis by Maddox_Metrics about Symbol ETH on 1/6/2026

ETH 🎯Wave 1 appears to have completed a leading diagonal. Wave 2 appears complete with the recent higher high. Price was rejected at the daily 200EMA but is attempting to break through again. Overcoming this will be very bullish, especially as we are above the daily pivot. 📈 Daily RSI is printing bearish divergence. A move above wave (1) is essential to negate this, or prices could head to new local lows. 👉 Analysis is invalidated below wave (2) Safe trading