Elliott Wave Ethereum / Fibonacci Level

Wave C Progress:

Wave C has already reached 100% of Wave A.

Price is sitting near the 0.618 retracement of the previous 12345 impulse wave.

Subwave Count Inside Wave C:

I have counted Waves 1, 2, 3 inside C.

If this sub-count is correct, a Wave 4 bounce is expected soon in the 4028 – 3978 zone.

Critical Levels

4028 – 3978.18: Expected bounce range (Wave 4 inside C).

3978.18: Key level — breaking it opens the door to deeper downside.

If broken, the next supports are:

3812 (1.272 extension)

3708 (0.786 retracement of entire impulse)

Implications

If 3978 holds, ETH may stage a corrective bounce (Wave 4) before a possible Wave 5 inside C.

If 3978 fails, 3812 and 3708 are the next tipping points where market makers/pattern traders might start accumulating for a new 12345 impulse set.

Watch for a bounce between 4028–3978.
Lose 3978, and 3812/3708 become the big decision zones for the next move.