The Trust Layer for Market Analysts

The analysis examines Ethereum, Solana, and Injective using Elliott Wave theory. For Ethereum, the analyst suggests a potential double impulse formation, indicating a wave two correction near the 0.382 Fibonacci level, around 4160. The analyst expresses concern about the overlap between waves, making bullish predictions uncertain and notes a target of 3536. For Solana, a corrective ABC pattern or a WXY pattern is considered. The current move looks like three waves to the upside. There is a wave 5 that can be finished as ending diagonal, and there is a possible testing area around the 201 mark. The overall sentiment is bearish, with potential targets lower. Injective shows a wave 5 formation followed by complex corrections, the analysis expects lower prices, targeting the blue boxes, the analyst expects 10.85 to be reached before any bullish price action.