Ethereum is trading at around $2,850 at the time of writing. Over the past 24 hours, the asset is up 1%. Over the last 7 days, though, it has lost 10%. Trading volume has reached $23.8 billion in the past day.<\/p>\n
Analyst Merlijn The Trader has pointed to a recurring price structure on Ethereum\u2019s 2-week chart. The setup follows a sequence of three moves. The first is an impulsive rally. The second is a corrective drop. The third, often the largest, is a breakout leg. According to the chart, Ethereum is now in the second stage.<\/p>\n
ETHEREUM: THE PERFECT WAVE SETUP<\/p>\n
Wave 1: Ignition
\nWave 2: Correction (now)
\nWave 3: Expansion (next)<\/p>\n
This structure played out 3x before. You know what to do in the discount zone. pic.twitter.com\/GSDsX3RxJ4<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) November 23, 2025<\/a><\/p>\n\n Remarkably, this structure has formed three times since 2022. Each cycle moved inside an ascending channel. The current decline from $4,950 to the $2,600\u2013$2,800 zone mirrors past corrections.<\/p>\n Interestingly, this area is marked as a \u201cdiscount zone<\/em>\u201d on the chart. The support trendline from previous lows remains in place. If the pattern continues, Ethereum could reach $9,000 in the next move.<\/p>\n Lennaert Snyder noted that Ethereum failed to stay above $2,880, writing, \u201cOur short scenario got triggered.\u201d For long trades, he is watching the $2,680 level and a possible sweep of $2,620. He also pointed to a daily demand zone at $2,570. These are areas where reversal trades may form.<\/p>\n As CryptoPotato<\/em> reported<\/a>, the $2,872 level aligns with realized price data. This level \u201cresembles a classic bottom<\/em>\u201d based on on-chain behavior. Previous cycle lows also bounced near these conditions.<\/p>\n Meanwhile, this area also matches<\/a> realized price data from multiple wallet groups. That adds strength to this support level if it holds.<\/p>\n Ethereum\u2019s performance against Bitcoin is also being watched. Analyst Micha\u00ebl van de Poppe noted<\/a> the ETH\/BTC pair is trading at 0.0325. This level has acted as a base before. In the last bounce from this zone, the pair gained over 140%.<\/p>\n <\/a>Source: Micha\u00ebl van de Poppe\/X<\/p>\n Van de Poppe said,<\/p>\n \u201cIf ETH finds support here, it could outperform BTC. If not, the entire market may move lower.\u201d<\/p>\n The pair has been consolidating in this range for several days. A bounce could set up a trend reversal.<\/p>\n The post Wave 3 Setup? Ethereum (ETH) Price Dips to Ideal Buy Zone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum is trading at around $2,850 at the time of writing. Over the past 24 hours, the asset is up 1%. Over the last 7 days, though, it has lost 10%. Trading volume has reached $23.8 billion in the past day. Wave Structure Repeats Analyst Merlijn The Trader has pointed to a recurring price structure […]<\/p>\n","protected":false},"author":0,"featured_media":115351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-115350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115350"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115350"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/115351"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAnd each time, $ETH<\/a> pumped.<\/p>\nTraders Watch Support and Reversal Zones<\/h2>\n
ETH\/BTC Ratio Near Buy Zone<\/h2>\n
![<\/a>Source: Micha\u00ebl van de Poppe\/X<\/p>\nVan de Poppe said,<\/p>\n\u201cIf ETH finds support here, it could outperform BTC. If not, the entire market may move lower.\u201d<\/p>\nThe pair has been consolidating in this range for several days. A bounce could set up a trend reversal.<\/p>\nThe post Wave 3 Setup? Ethereum (ETH) Price Dips to Ideal Buy Zone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ethereum is trading at around $2,850 at the time of writing. Over the past 24 hours, the asset is up 1%. Over the last 7 days, though, it has lost 10%. Trading volume has reached $23.8 billion in the past day. Wave Structure Repeats Analyst Merlijn The Trader has pointed to a recurring price structure […]<\/p>\n","protected":false},"author":0,"featured_media":115351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-115350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115350"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=115350"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/115350\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/115351"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=115350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=115350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=115350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/G6gZ76CW4AAA2xR.png\"){kind=link}