Ethereum Completes Elliott Wave, Has It Entered a Major Bull Run Toward $6,000?

▲ Ethereum (ETH) ©

Ethereum’s (ETH) Elliott Wave pattern has reportedly entered its final stage after completing a prolonged downtrend cycle, with analysts suggesting that a powerful rally capable of breaking above $6,000 from a long-term perspective may be imminent.

According to investment-focused outlet FXStreet on February 25 (local time), Dr. Arnout ter Schure of Intelligent Investing stated that Ethereum is currently undergoing a higher-degree fourth wave under Elliott Wave theory. Recently, Ethereum fell to the $1,700 range in early February and the $1,800 range the previous day, but firmly defended its lower trendline. Investors who adopted a dollar-cost averaging strategy have already entered profit territory. Over the long term, Ethereum has formed a massive bullish flag pattern through continuous price consolidation since 2021, targeting levels above $6,000 upon an upward breakout.

Technical indicators also suggest a clear bottom. The monthly Relative Strength Index (RSI) has fallen below 30, while the daily 14-period RSI has entered a low-risk buying zone, showing positive divergence. Similar divergences have been observed in the Moving Average Convergence Divergence (MACD) and money flow indicators, indicating that downward momentum and selling pressure are gradually waning as upward momentum and buying pressure begin to dominate the market.

Notably, the daily MACD has once again crossed the minus 200 level, which has historically served as a reliable buy trigger for short- and mid-term trades, offering an attractive risk-reward setup. Combining short-term price action and wave analysis, the decline that followed the peak in August 2025 appears to have completed a perfect corrective wave structure, including a detailed five-wave sequence.

To sustain the bullish outlook without disruption, it is essential to defend key support levels tightly set at $1,746, $1,803, $1,846, $1,928, and $1,995. If these conditions are met, it would confirm that a significant bottom has been established across short- to long-term time frames.

The immediate priority is to break above the short-term high of $2,150. If successful, Ethereum is expected to advance toward its ideal first target of $2,470. Should five additional upward waves develop after reaching this target, a full trend reversal would be confirmed. If only three waves materialize, there remains a possibility of one more lower low; however, the current market environment supports the potential for an explosive rally toward much higher price levels.

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