The Ethereum (ETH) market has recently experienced noteworthy price fluctuations. On the daily chart, the move from a high of $4794 to a low of $4360 may constitute an A wave adjustment. The upcoming market development may present two main patterns:

The first scenario is a B-wave rebound following the Fibonacci retracement levels. Important resistance levels may appear near $4528, $4579, and $4630. The strength of the rebound will depend on the patterns and technical indicators in smaller time frames. The subsequent C-wave adjustment may pull the price back to the $4160-$4300 range. However, if the rebound lacks strength and the price continues to decline after encountering resistance around $4520, we may see a 5-3-5 zigzag adjustment, with target price levels potentially dropping to the $3600-$3800 range.

Another possibility is that the price rebounds to around $3794 or breaks through the range of $3830-$3850, forming a regular or expanded platform adjustment. If it is a regular platform adjustment, around $4360 may become a recent support level. If an expanded platform adjustment is formed, based on the high point of $4830, the target for the C-wave adjustment may be around $4135.

These analyses provide important reference points for investors, but the market is ever-changing, and actual trends may differ. Investors should closely follow market dynamics, combining multiple technical indicators and fundamental factors to make prudent investment decisions. At the same time, it is also important to manage risks by setting reasonable stop-loss levels to cope with potential market fluctuations.