Ethereum (ETH/USDT) - Tactical Breakout in Motion Toward $3,180

Ethereum (ETH/USDT) 

Date of Analysis: May 21, 2025 

Chart Timeframe: 1D (Daily) 
 

Strategic Horizon Analysis (6 to 12 months) 

Ethereum has completed a complex corrective structure labeled as Wave C2, retracing deeply into a historical accumulation zone. The higher time frame Elliott Wave count suggests the completion of a major Wave 2 correction, positioning Ethereum for a potential Wave 3 strategic advance. It is probably still to early to validate a such bullish scenario on the long run but a common part towards the previous tops can be considered. 

The strategic upside targets remain at $4,840. Long-term sentiment has flipped to bullish following the successful defense of the $1,250 zone and a confirmed breakout above the Pivot Zone at $1,875/$2,100. 

Tactical Horizon Analysis (1 to 3 months) 

ETH/USDT has recently broken through the Pivot Tactical level at $1,875 in may before reaching the alternative resistance at 2720, within a key inflection area. The immediate upside targets are set at $2,720 (minor tactical target) and $3,180 (major tactical resistance) 
Moving averages structures (21/34/89) have turned bullish, supporting short-term continuation. A clear impulsive breakout from the corrective base strengthens the probability of a Wave 1 of 3 formation in early stages. 

Alternative Scenario 

Should Ethereum fail to hold the $2,325–$2,100 pivot zone, the bullish breakout would be invalidated. This would expose the asset to a retest of the Tactical Targets at $1,790 and $1,625, and potentially down to the $1,250 support area in the case of a broader risk-off environment. 

Technical Analysis Summary 

RSI: Bullish; above 60 and rising, confirming short-term momentum. 

Moving Averages: 

EMA 21: Rising, supportive 

EMA 34: Rising 

EMA 89: Flattening to rising 

Strong short-term bullish alignment. 

Fibonacci & Tactical Zones: 

Tactical Support (Pivot): $2,100 

Tactical Target 1: $2,720 

Tactical Target 2: $3,180 

Strategic Target: $4,840 – $5,250 

Elliot Wave: Major corrective Wave C2 complete; new impulsive cycle likely underway. 

Tactical Trade Recommendation 

🎯 Buy Strategy (Bullish Breakout): 

Buy on pullbacks toward $2,325–$2,400, targeting $2,720 and $3,180. Add exposure above $3,180 breakout toward $4,800+. Stop-loss below $2,100 daily close. 

🚨 Alternative Sell Strategy (Pullback Risk): 

Sell/hedge positions if ETH loses the $2,100 support zone on daily close, with downside targets at $1,790, $1,625, and $1,250. 
 

Chart: Daily Basis (Candle Stick) - Logarithmic  
Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

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