Ethereum's Double Three Pattern Sets Stage for Next Rally
Ethereum (ETHUSD) has been developing a clear three-wave correction that completed as an Elliott Wave Double Three pattern, according to recent analysis. The Double Three is a common corrective pattern in the Elliott Wave theory, which can provide a clear completion area and a well-defined invalidation level.
The ETHUSD chart shows that Ethereum is forming a three-wave pullback, unfolding as an Elliott Wave Double Three pattern. Each main leg develops as a corrective sequence, with waves (W) and (Y) usually forming as three-wave structures such as A-B-C or another W-X-Y combination.
To identify the area where the correction may end, traders use Fibonacci measurements to project the Equal Legs area and find a potential buying zone. In this case, the ideal support area is at 2375-2337, which represents the buying zone from which Ethereum is expected to find buyers and rally toward new highs.
The Elliott Wave one-hour chart for ETHUSD on September 4, 2026 shows that Ethereum found buyers at the Equal Legs zone as expected, producing a solid bounce. While the price remains above the latest low at 2355, wave ((v)) may now be in progress, opening the door for another push toward new highs with the next upside target around the 2618+ area.