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ETH: Ethereum’s Next Big Move! Stablecoin SuperCycle Part 2

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Ethereum has been moving in 3 wave corrective structures this entire bull market, possibly in an ending diagonal structure. Wave 4 (Green) most likely unfolded as a WXY Double Zig bottoming at the 1.618-1.786 trend based fib extension. Focusing on Wave 5 (Green), a common target of Wave 5 (Green) is the 1.618 to 1.786 fibbonaci retracement between $8,007 and $9,607.

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Zooming into the 1 HR timeframe, possible WXY double zig zag correction completed. 4 HR Shooting Star does signal potential short term weakness. Regardless, next major move up will occur soon.
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reuters.com/business/finance/societe-generale-launch-dollar-pegged-stablecoin-2025-06-10/
Societe Generale becomes first major bank to launch dollar-pegged stablecoin! STABLECOIN SUPERCYCLE

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