Several fair value gaps appear along the path of each wave. These zones sit between major pivot points. They stretch across retracement areas from 2020 through 2025.
Each gap aligns with corrective movements. The chart places these gaps around $1,750, $2,250, and higher levels formed through the 2024 and 2025 swings. These zones appear repeatedly as Ethereum reacts to new resistance and support.
Price moved into another fair value gap during a recent decline marked by a small b wave. The structure shows that the asset may now aim to recover within the channel. Each reactive area remains precisely drawn to indicate where liquidity filled or remains open.
A comparison chart of the Dow Jones Industrial Average’s 1980 hourly structure appears beside the Ethereum model. The pattern shows a rising wedge with a final wave five peak before a reversal. The similarity brings a single question: could Ethereum follow a similar structural path into its projected wave five?