Ethereum (ETHUSD) Still Suggests Another Push Higher Within A Complex Correction

Ethereum continues to trade within a complex corrective structure on the 4-hour chart, where we are tracking a potential WXY pattern unfolding within a higher degree Wave 4 correction. Following the latest rejection from local highs, the current decline still appears slow and overlapping, which is more characteristic of a corrective move rather than the start of a fresh impulsive selloff.

At this stage, the decline can be viewed as subwave (B) of wave Y, meaning the market may still be building a larger bullish triangle or possibly a deeper flat correction before one final recovery leg in subwave (C). If this scenario remains valid, Ethereum could attempt another rally toward the 2600 resistance area before the broader correction fully completes.

From a technical perspective, the 2200–2100 support region remains an important area to watch, as buyers continue to defend the broader recovery structure above those levels. As long as price holds above the lower channel support and especially above the psychological 2000 level, the bullish corrective outlook remains favored in the near term.

However, a stronger impulsive decline beneath 2000 and a clear breakdown below channel support would signal that bearish momentum is returning for a larger downside continuation.

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