Ethereum has bottomed out! 10 000 USD next target!

• There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias. 
  
• I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade. 
  
• After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term. 
  
• As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside.
  
• However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass!
  
• The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else. 
  
• The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes. 
  
• You don't want to miss my previous analysis of Bitcoin! Check out the related section down below. 
  
• I expect tremendous gains for selected altcoins (QNT, BEL).
  
• For more analysis, hit "Like" and "Follow"!
  

Comment:

October and November are very bullish months! We made it through September.