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| MTF 2nd Bearish Macro Outlook on ETH – Final Wave of (Y) Coming? | with power words, special characters, and point headlines.
$ETH $BTC
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⚡ MTF 2nd Bearish Macro Outlook on Ethereum – Is the Final Wave of (Y) Approaching? ⚡
Ethereum’s price action has sparked heated debate among technical analysts, with mid-term (MTF) wave structures suggesting the possibility of a final bearish leg in the complex corrective cycle (Y). Let’s break down the current market scenario and the critical signals to watch.
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1️⃣ Macro Elliott Wave Structure – The Bigger Picture
Ethereum appears to be in a complex W–X–Y corrective formation on the higher time frames.
The current (Y) wave could represent the last leg before a potential macro reversal.
Price behavior remains consistent with a final bearish push toward deeper support zones.
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2️⃣ Key Resistance Zones – Where Sellers Dominate
Strong selling pressure is evident near $3,000–$3,200, where multiple rejections have occurred.
Daily and weekly candles show lower highs, indicating sustained bearish control.
Failure to break above these zones may accelerate the decline.
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3️⃣ Bearish Confluence Signals – Technical Red Flags
EMA crossovers on the daily chart favor sellers, with momentum shifting down.
RSI divergence hints at weakening bullish attempts.
Volume analysis shows declining buying interest, confirming distribution phases.
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4️⃣ Potential Downside Targets – Where (Y) Could End
First major support at $2,500–$2,600.
Deeper capitulation possible toward $2,200–$2,300 if bearish momentum intensifies.
Long-term accumulation zones may emerge below $2,200, aligning with wave completion theory.
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5️⃣ Market Psychology – Sentiment Under Pressure
Fear of further SEC actions on staking and broader macro headwinds keep sentiment cautious.
Retail traders appear hesitant, while whales are reducing exposure near resistance.
A final shakeout could trigger panic selling before a possible major trend reversal.
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6️⃣ Strategic Outlook – Trading & Risk Management
Swing traders: Watch for rejection signals at key resistance for short opportunities.
Long-term investors: Patience is key until wave (Y) structure shows signs of exhaustion.
Use tight stop-losses and position sizing to survive potential volatility spikes.
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💡 Final Word: If the MTF Elliott Wave count holds true, Ethereum may be approaching the climactic end of its bearish macro correction. The final wave (Y) could be the last flush before a powerful bullish cycle begins — but only for those who can weather the storm.$BTC $ETH
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