ETH Big picture Elloit wave 3/29/2026Ethereum / TetherUSBINANCE:ETHUSDTjirapattinnIn my opinion, I believe that ETH still has further downside pressure to complete its wave ⓥ. After wave i, the upward momentum failed to make a higher high compared to previous levels and instead formed a corrective wave ii. Therefore, I expect that we are currently moving downward into wave iii. For the micro count, I believe that wave (2) is nearing completion and the market is preparing to enter wave (3). The target price for wave ⓥ is around $1,564, as suggested by a Crab harmonic pattern. This level is also consistent with the typical behavior of wave 5, which often reaches 100–127.2% Fibonacci extension of wave 4. The invalidation level is if the price moves above $2,040.