ETH - This will take time Part IIIEthereum / EuroKRAKEN:ETHEURMafeoFerrariEthereum has reached its predicted price target, indicating a likely retracement. RSI (7) divergence is present across all major time frames (monthly, weekly, and daily), reinforcing this outlook. Two potential retracement scenarios are possible: the blue line represents a shallow retracement, while the red line suggests a deeper pullback, potentially to €2.300. In a more bearish scenario, prices could decline further to the €1.800–€1.400 range. A key question is whether the whole 4 year-correction reflects an Elliott Wave ABCDE triangle pattern or a WXY wave. If the correction was a WXY wave, the first minor wave of the fifth wave (primary degree) may have begun at €1.255 on April 7, 2025, with the anticipated retracement representing the second minor wave. Regardless of the wave structure, caution is advised. The next major cycle is expected to begin between October and December 2025 or January and February 2026, as outlined in my previous analysis, "ETH - This will take time Part II" For now, it’s prudent to step back and monitor market developments.