Ethereum Crash Explained: Why ETH Could Still Fall Further

Ethereum continues to trade below the key yellow trend line, keeping downside pressure firmly in place. In this update, I explain why the April high likely completed a larger B-wave top and why the current decline may be part of a larger C-wave correction. We discuss the key support levels at $1,550 and $1,400, the possibility of a corrective bounce, and why the ideal long-term wave 4 target remains near $1,000. I also compare the current market structure to the 2022 bear market and explain why Bitcoin continues to outperform Ethereum. On the short-term chart, we focus on the critical micro resistance zone between $1,638 and $1,757. A break above this area in five waves would be the strongest confirmation that a larger bounce has started. Until then, the trend remains bearish. Join the MCO community for additional Ethereum updates, altcoin analysis, Elliott Wave insights, market research, and educational content. #Ethereum #ETH #Crypto #Bitcoin #ElliottWave Timestamps: 00:00 Ethereum Bear Market Update 00:31 Q2 Forecast Played Out As Expected 01:00 Why Bear Market Declines Happen Fast 01:30 Key Ethereum Support Levels 02:30 Comparing ETH To The 2022 Bear Market 03:30 Why Bitcoin Keeps Outperforming Ethereum 04:29 Could Ethereum Drop To $1,000? 05:29 The Bigger Elliott Wave Picture 05:59 Weekend Support And Resistance Levels 07:28 What Confirms A Real Ethereum Bounce? ----------------------------------------------------------------------------------------- 🧿 MCO Global: 💻 https://www.mcoglobal.com/ ✉️ Join the FREE Newsletter: 👉 https://mcoglobal.com/newsletter/ 🧿 Join the More Crypto Online Community: 👉 https://www.mcoglobal.com/memberships OR 👉 https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR 👉 https://www.patreon.com/morecryptoonline 🧿 Join the MCO Stocks & S&P500 Community: 👉 https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- 🧿 Social Media: 👉 X / Twitter: https://x.com/Morecryptoonl 👉 Instagram: https://www.instagram.com/morecryptoonline_official/ 🔗 All Links: https://linktr.ee/morecryptoonline ✉️ Contact: [email protected] ----------------------------------------------------------------------------------------- 🧿 Exchanges & Brokers (Affiliate Links): 👉 Trade on Bybit: https://partner.bybit.com/b/MCO 👉 Trade on Bitget: https://partner.bitget.com/bg/MoreCryptoOnline 👉 Trade with XTB – a global, regulated broker offering 7,100+ stocks and 1,400 ETFs 🔗 https://geolink.xtb.com/XjNyk (Please note: XTB services are not available to U.S. clients.) ----------------------------------------------------------------------------------------- 🧿 Research & Tools (Affiliate Links): 👉 Tradingview - Chart software Get a $15 discount on your first subscription: https://www.tradingview.com/?aff_id=108760 👉 Bitcoin Magazine Pro – On-chain data & research Get 20% off with code: 20MCO https://www.bitcoinmagazinepro.com 👉 CoinTracking – Portfolio & tax tracking Get 10% lifetime discount with this link: https://cointracking.info/?ref=B776587 👉 Protect your cryptocurrencies with Trezor: https://bit.ly/morecryptoonline 👉 Protect your cryptocurrencies with Ledger: https://shop.ledger.com/?r=0fb3c8be2e46 👉 Stay safe with NordVPN: https://go.nordvpn.net/SH4s0 ----------------------------------------------------------------------------------------- ⚠️ Disclaimer The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws. All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor. Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission – at no additional cost to you. Thank you for supporting the channel. ⚠️ Important: Affiliate links related to cryptocurrency exchanges are not available to residents of the United Kingdom, the United States, or any other restricted jurisdictions. Please check the laws and regulations that apply in your country before using such services. Other affiliate links (e.g. VPN, hardware wallets, software tools) are unaffected.