Zoye

09/14 11:59

Ethereum’s Rally to $6,000+ Is About to Get the Ne

Ethereum’s Rally to $6,000+ Is About to Get the Next Boost
Ether completed its impulse path over the last weeks, topping out at $4955, which is close to its ideal target of $5100. But now we are monitoring for an extension of the rally to $6000-6140.

Ethereum coin. FX Empire
Ethereum

-1.07%
After Wave Three Comes Wave Four and Five
In our last update from five weeks ago, see here, when Ethereum was trading at around $3820, we shared our primary Elliott Wave (EW) Principle view, where we expected a 3rd wave top (red Wave-iii) at ideally around $4535, the 161.8% extension, a drop to ~$3610 for red W-iv, the 100.0% extension, and a final rally to at least $5100, the 200.0% extension, while acknowledging that

“the ideal red W-v target at the red 200.0% extension of roughly $5100 is significantly below the breakout/symmetry target of about $6140. See Figure 2 below. Therefore, we may see an extended fifth wave, which is quite common for cryptocurrencies.“

#Post To Earn Bonus#HTX lists Flock! Privacy AI leader. #SNEK is listed on HTX, what do you think?#GameFi playing you? $SOMI returns control.#HTX DAO Listing Governance is LIVE!

7Condividi