Ethereum Update: CHoCH Confirmed – Waiting for BOS & Wave C!

As mentioned in my previous Ethereum analysis, ETH has completed its 5-wave impulsive rally and is currently inside wave B of a corrective ABC structure. Wave B often breaks above the wave ⑤ top to trap liquidity before a sharp wave C sell-off.

📊 Latest Price Action (30m TF):
• ETH has already shown a CHoCH by breaking the first key support at $4,753 and retesting it.
• The next crucial support lies at $4,613. If this level also breaks, it would confirm a BOS (Break of Structure) and strengthen the bearish case.

🔀 Two Possible Scenarios from Here:
1. Price retests the broken $4,753 level as resistance → then resumes the downtrend.
2. A deeper pullback toward $4,845 (acting as a left shoulder liquidity zone) → before the real wave C decline begins.

🎯 Trading Strategy:
• Wait for confirmation of BOS at $4,613.
• Once confirmed, look for bearish entry triggers (CHoCH / MSB) on lower timeframes.
• First targets: $4,100 → $3,800.
• Stop-loss invalidation above the swing high at $4,845 to maintain strict risk control.

⚠️ Remember: patience is key. Don’t get trapped in wave B’s fake breakouts — let the structure confirm wave C.

👉 Like & Follow to stay updated as we track ETH’s potential wave C move step by step!