Ethereum is recovering strongly within the projected five-wave impulse, as expected. Price is still consolidating near the highs, suggesting that wave 4 correction may still be in progress. ETH could revisit the 2570–2350 support zone before a bullish continuation into wave 5, with the next target around the 2900–3000 area.
Bitcoin (BTC) remains under pressure, trading below $83,000 at the time of writing on Thursday, down over 4% so far this week. Institutional demand has supported this weakness, with spot Exchange Traded Funds (ETFs) recording outflows of over $487 million on Wednesday, the highest single-day withdrawals since June 25. Meanwhile, broader macroeconomic headwinds weigh on sentiment, pressuring Crypto King’s price.
