This is my long-term Ethereum macro view through 2030, built from a combination of double-top structure and Elliott Wave analysis.
From my perspective, ETH has likely already printed a major distributional double top across the 2021 and 2025 highs. The second peak failed to produce a true structural escape and instead looks like the completion of a larger terminal advance. That is why Iām treating the recent price action as the beginning of a much broader corrective sequence, not the start of a new secular bull leg.
What Iām seeing:
ā¢ The 2021 high marked a major impulsive top.
ā¢ The 2025 retest / secondary peak formed what I view as the right side of a macro double top.
ā¢ Since that second peak, ETH appears to be rolling into a multi-year bearish wave sequence.
ā¢ My chart maps out a path where ETH continues working through lower-degree corrective and impulsive legs before a deeper washout phase develops into the latter part of the decade.
Elliott Wave view:
Iām interpreting this structure as a completed major top, followed by a broad 1-2-3-4-5 style decline on a higher timeframe. In that roadmap:
ā¢ The current region is part of the early breakdown / transition phase.
ā¢ Any medium-term recovery would likely be a countertrend rally, not a fresh cycle breakout.
ā¢ The heavier damage, in my opinion, comes later ā especially if macro conditions stay restrictive and crypto liquidity keeps fragmenting.
Key takeaway:
This is not me saying Ethereum dies.
This is me saying ETH may spend the rest of the decade repricing, reaccumulating, and punishing late-cycle bullishness before the next true generational setup appears.
If this roadmap plays out, the best opportunities wonāt come from chasing green candles ā theyāll come from patience, skill-building, and understanding where the market is in the larger cycle.
Thatās my view. Manage risk, respect structure, and enjoy the ride.