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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Technical Analyst BY Passion
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.