Feb 28, 2026
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BULLISH 📈 : Ethereum Breakout Alert Sparks Impulsive Wave and Upside Momentum
Ethereum is indicating a potential breakout after surpassing a corrective price channel, suggesting an impulsive wave could drive strong upside momentum. Key levels should be monitored for confirmation as the next upward phase develops.
Wave 3: Preparing for Upside
- The Elliott Waves Academy indicates Ethereum may be forming Wave 3 of (3), with a 161.8% extension target.
- Current momentum suggests potential for further extension, signaling a major impulsive rally.
- Temporary bearish corrections are seen as opportunities for long re-entries.
- Traders target $2,624.14 initially, with potential for a move towards the 261.8% extension if momentum continues.
- Breakout and sustained trading above previous channels needed to validate the bullish outlook.
Ethereum Reaches Range High: Buyer Activity
- Ethereum hit its all-time high, indicating a bounce after testing range extremes.
- Caution advised for traders; wait for clear directional signals before entering positions.
- The liquidity sweep offers hedging opportunities, such as short positions around $2,110.
- Ethereum left a Fair Value Gap near ~$1,970, which could be strategic for long entries post-reversal.
