Ethereum Price Analysis: Compelling Reasons to Consider Buying ETHUSD

I'm going long on ETHUSD based on the 15-minute chart.

The Elliott Wave analysis shows a clear five-wave pattern, suggesting a potential bullish move.

I entered the trade at 3542.56, targeting the following levels:

- 0.618 extension at 3585.49

- 1 extension at 3627.88

- 1.618 extension at 3696.47

These targets align with typical Fibonacci extension levels following an impulsive wave sequence.

My stop-loss is set below the recent low to manage risk effectively.

This long position is based on the anticipated continuation of the bullish trend after the completion of the corrective wave (4), aiming for the projected wave (5) targets.