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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.