Ethereum Elliott Wave Projection – Targeting $6,800+
Pattern: Ethereum (ETH/USD) is following a clear Elliott Wave structure after breaking out of a long consolidation wedge.
Wave Count:
Current move is identified as Wave (3), with sub-waves (i)–(v) unfolding.
A short-term correction (Wave (4)) is expected before the final rally toward Wave (5).
Key Levels:
Immediate Resistance / Target (Wave 3): ~$5,763
Major Target (Wave 5): ~$6,827
Current Price: ~$4,101
Outlook: The chart suggests ETH is in a bullish continuation phase, with potential for ~65% upside from current levels once the corrective dip is completed.
📌 Conclusion: Ethereum is progressing through a strong Elliott Wave cycle, with the next major resistance around $5,763 and a longer-term bullish target near $6,827.
Pattern: Ethereum (ETH/USD) is following a clear Elliott Wave structure after breaking out of a long consolidation wedge.
Wave Count:
Current move is identified as Wave (3), with sub-waves (i)–(v) unfolding.
A short-term correction (Wave (4)) is expected before the final rally toward Wave (5).
Key Levels:
Immediate Resistance / Target (Wave 3): ~$5,763
Major Target (Wave 5): ~$6,827
Current Price: ~$4,101
Outlook: The chart suggests ETH is in a bullish continuation phase, with potential for ~65% upside from current levels once the corrective dip is completed.
📌 Conclusion: Ethereum is progressing through a strong Elliott Wave cycle, with the next major resistance around $5,763 and a longer-term bullish target near $6,827.
Technical Analyst BY Passion
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Technical Analyst BY Passion
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.