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![Michael_EWpro Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1324909191346216962.png) BigMike7335 [@Michael_EWpro](/creator/twitter/Michael_EWpro) on x 23.4K followers
Created: 2025-07-23 12:53:25 UTC

$ETH XX min chart. 
Looking at $eth on the XX min I noticed the structure last night formed a triangle wave b and has had X waves breaking down. But the wave structure doesn't reall support a "big" w5 or an extended 5th. Rather w1 to X drops us to like $XXXXX ish.
Also h1 (2nd chart pic) the RSI broke the downward TL and is about to make that s/r flip into support (Purple RSI)
To conclude I think we wrapping up this correction very shortly and resume up only above $4k. Plus US stock market futures are up big again.

![](https://pbs.twimg.com/media/GwiyOS4XcAE0VpZ.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948003517496517070/c:line.svg)

**Related Topics**
[h1](/topic/h1)
[drops](/topic/drops)
[w1](/topic/w1)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Michael_EWpro/status/1948003517496517070)