HomeContributorsTechnical AnalysisEthereum (ETHUSD) Elliott Wave: Incomplete Bearish Sequences Call for a Decline

Ethereum (ETHUSD) Elliott Wave: Incomplete Bearish Sequences Call for a Decline

Hello, fellow traders. In this technical blog, we’ll review our Elliott Wave charts for Ethereum (ETHUSD), published in the members’ area of our website.

ETHUSD developed incomplete bearish sequences from the September 21 peak. Our analysis showed the downside cycle was still in progress. The target was around the 2022 area. Let’s review the Elliott Wave structure and see how the market followed our outlook.

ETHUSD Elliott Wave 1-Hour Chart – November 4, 2026

Our analysis expected wave ((x)) to form a corrective recovery against the short-term cycle from the 2526 peak. The structure was unfolding as a Double Three.

We expected wave (x) of ((x)) to complete around the 2226–2208 area. After that, another leg higher in wave (y) of ((x)) was likely. The upside target was the 2363–2452 sellers’ zone, within a 7-swing structure.

We identified both areas using the same Elliott Wave strategy. The setup was based on measuring equal legs between waves (w) and (x) with the Fibonacci Extension tool.

By combining Elliott Wave analysis, cycle analysis, and multiple time frames, we were able to anticipate the bearish continuation and identify the downside target zone in advance.

You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page

ETHUSD Elliott Wave 1-Hour Chart – November 11, 2026

ETHUSD completed double three pattern right at the mentioned equal legs area (2363–2452), and we got a decline  as expected. Once again, incomplete bearish sequences accurately projected the market’s path.

This is exactly the type of analysis we teach in our Live Analysis / Trading Sessions, where members learn how to identify incomplete sequences, understand their significance, and use them to anticipate the market’s next move.

You can check most recent charts in the membership area of the site. Keep in mind not every chart is trading recommendation. The best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room.

 

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

Elliott Wave Forecast
Elliott Wave Forecasthttps://elliottwave-forecast.com
ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including Forex majors & crosses, Commodities and a number of Equity Indices from around the World. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Elliott Wave Setup videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

Latest Analysis

Learn Forex Trading