Crypto prices may be in for another big crash, with billions wiped out over the past 12 months. Ethereum, the second biggest by volume completed impulse waves 1 and 3 as well as corrective waves 2 and possibly 4.
If wave 5 comes with the same energy as waves 1 and 3, price could almost definitely drop below 1,000 with the projection as low as $280
A possible rejection of $1,600 may provide a good entry to short towards $1,300 mid-term target. While $280 may seem an extreme, we are in the middle of a crash affecting all major crypto currencies, with Ethereum losing 50% since January 2022 and almost 70% from its November 21 all time highs at $4,841
If wave 5 comes with the same energy as waves 1 and 3, price could almost definitely drop below 1,000 with the projection as low as $280
A possible rejection of $1,600 may provide a good entry to short towards $1,300 mid-term target. While $280 may seem an extreme, we are in the middle of a crash affecting all major crypto currencies, with Ethereum losing 50% since January 2022 and almost 70% from its November 21 all time highs at $4,841