Key Points
- Ethereum has established a new low at $1,815.92.
- The bearish third-wave structure continues to develop.
- A fourth-wave recovery remains possible before another decline.
Ethereum Price
ETHUSD traded at $1,825.40 on the four-hour chart captured at 11:38 a.m. New York time, with the latest marked low standing below the previous $1,890.36 trough.
Ethereum Elliott Wave Analysis
Ethereum's downward extension has reinforced the bearish outlook outlined in the November 13 Ethereum price forecast.
The decline has pushed red wave 3 to a deeper low, leaving the anticipated corrective recovery unconfirmed. The broader wave count remains unchanged, with the $2,250.60 upper reference still visible.
The projected path allows a temporary advance in red wave 4, followed by another bearish extension in wave 5. Neither the completion of wave 3 nor the start of wave 4 has been established.
Technical Analysis — November 14, 2026
- Trend: Bearish.
- Structure: Red wave 3 developing.
- Latest Low: $1,815.92.
- Outlook: Potential wave 4 rebound, then wave 5 decline.
Trader's Question: What would suggest Ethereum's fourth wave has begun?
A sustained recovery accompanied by a developing corrective structure would strengthen that interpretation. A single upward candle would not establish a completed third wave.