ETH/USD – Multi-Degree Terminal Advance: Daily ⑤ of CEthereum / TetherCOINBASE:ETHUSDTWaveFibsETH/USDT – Multi-Degree Terminal Advance: Daily Wave ⑤ of C Inside Weekly Wave C (Ending Diagonal) 1️⃣ Higher-Timeframe Context (Weekly) ETH has been unfolding a large corrective A-B-C structure from the all-time high. The current rally is Wave C of that correction. Structural note: On the weekly, Wave 4 overlaps Wave 1 → violates standard impulse rules → the entire Wave C is taking the form of an Ending Diagonal. Why this matters: Ending diagonals appear in terminal positions (Wave 5 of an impulse or Wave C of a correction). They often end with a throw-over above the upper trendline, followed by sharp and deep reversals. 2️⃣ Intermediate-Timeframe Context (Daily) On the daily, we are in: Wave ⑤ of daily Wave C. That daily Wave C is also the final leg of weekly Wave C. Implication: Two degrees (daily & weekly) are scheduled to terminate together → high-probability major turning point. 3️⃣ Structure & Internal Wave Count From the IV(B) low in April, ETH has advanced in five overlapping sub-waves: Wave 1 – steady breakout leg. Wave 2 – shallow pullback. Wave 3 – strongest rally to date. Wave 4 – pullback overlapping Wave 1 territory → confirms diagonal. Wave 5 – ongoing final push into target zone. Internals of each wave show a-b-c formations, consistent with diagonal rules. 4️⃣ Fibonacci Target Confluence Anchor: IV(B) low → Wave 3 high → Wave 4 low 1.618 extension: $4,531 → first resistance. 2.000 extension: $5,102 → primary target. Upper wedge projection / throw-over: $5,500–$5,650. These levels also align with weekly fib projections for Wave C → creating a multi-timeframe resistance cluster. 5️⃣ Momentum & Divergence MACD (Daily): Histogram making lower highs while price makes higher highs → early bearish divergence. RSI (Daily & Weekly): Approaching overbought with flattening momentum → consistent with terminal phases. Volume: Gradual contraction during the advance; watch for final spike on throw-over. 6️⃣ Scenarios A) Terminal Top Scenario (Base Case) Price completes Wave ⑤ of C inside the $4,531–$5,102 box. Possible throw-over into $5,500–$5,650 on ETF hype. Followed by swift rejection back inside wedge → break of Wave-4 low confirms top. Targets after confirmation: First: Wedge base / 0.382 retrace (~$3,800). Next: 0.5 retrace (~$3,500). Extended: Origin of diagonal (~$2,900). B) ETF Extension Scenario Price consolidates above $5,100 and pushes toward $5,500–$5,650. Still part of Wave ⑤, just a stretched terminal before reversal. Same confirmation rules: break of Wave-4 low validates reversal. 7️⃣ Invalidation & Risk Levels Bearish invalidation: Break of Wave-4 low = high-probability top. Bullish invalidation: Sustained breakout + consolidation above $5,650 would require re-evaluating the diagonal scenario. 8️⃣ Trade Plan (Non-Advice) Aggressive fade: Short into $4,531–$5,102, add near $5,500–$5,650 if reached, stop above wedge throw-over. Conservative: Wait for daily close back inside wedge and break of Wave-4 low, then short pullbacks. Positioning note: Size down in diagonals — volatility spikes at turns. 9️⃣ Key Chart Annotations for Publishing Wedge trendlines from Wave-II(B) low to Wave-IV(B) low. Label 1–2–3–4–5 (with a-b-c internals) on daily. Highlight $4,531, $5,102, and $5,500–$5,650 zones. Mark Wave-4 low and wedge base with "Top Confirmed Below Here". Add MACD/RSI divergence notes in top-right. 📌 Summary ETH is in the final stages of a multi-degree ending diagonal: Daily Wave ⑤ of C inside Weekly Wave C. Both degrees likely terminate in $4,531–$5,102, with throw-over potential to $5,500–$5,650. Once confirmed, expect a fast, deep retrace — this is a terminal pattern with macro top potential.