ETH - 4H Elliott Wave Analysis - 22.08.25Ethereum / TetherUS PERPETUAL CONTRACTBINANCE:ETHUSDT.PKanashimiBroGreetings ^^ We did get our rally from the support area that we had on the chart. We assume that high of the 14th of August formed the top of the white Wave 3 and that we are currently in a correction displayed as yellow ABC which would form the white Wave 4. The support area of this Wave 4 is between the 0.236 FIB at 4059 USD and the 0.5 FIB at 3370 USD. The Wave A is in and today's rally is the B Wave which we thermalized in yesterdays analysis and did expect it to be strong. We assume this ABC is an expanding flat which means the B Wave overshoots which it did. It touched the 1.05 FIB at 4833 USD which is a common target but it also is right below the ATH. Further targets for the B Wave would be the 1.236 FIB at 4985 USD and the 1.382 FIB at 5105 USD. Next we would look for a Wave C to the downside. The targets for this C Wave are the 0.618 FIB at 4375 USD the 1 to 1 FIB at 4106 USD, the 1.236 FIB at 3947 USD, the 1.382 FIB at 3853 USD and the 1.618 FIB at 3705 USD. A lot of targets, the most common is the 0.618 and the 1.618 FIB. The 1.618 FIB would also be in confluence with the 0.382 FIB of the Wave 4 support area which is the optimal target for a Wave 4. Alternatively you can count the recent low as blue Wave 4 instead yellow A Wave and the move up today could potentially be the blue Wave 5 which would than finished white Wave 3. We do think the count mentioned above is more likely as the yellow A touched the 0.236 FIB of the white Wave 4 support area which is a common target for an A Wave and additionally the structure of today's rally look more corrective on the smaller timeframes. Overall it does not make a big difference for the moment except that in the blue Wave 5 we could go a bit higher compared to the overshooting B Wave. Thanks for reading. NO FINANCIAL ADVICE.