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Trisha Saha
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ETH Heading Towards New All-Time Highs🔥🔥
$ETH
Recently published a compelling analysis suggesting that Ethereum (ETH) is on track to reach new all-time highs (ATHs) of $4,900. This projection is supported by technical analysis using Elliott Wave Theory 2.0, as well as a favorable Trump Presidency toward crypto currencies.
Elliott Wave Theory 2.0 Analysis
According to Elliott Wave Theory 2.0, ETH is currently in the early stages of the fifth impulsive wave, which began approximately four months ago. Elliott Wave Theory posits that market movements follow a predictable wave structure, with five waves in the direction of the prevailing trend (impulsive waves) and three corrective waves against it. The fifth wave is typically characterized by a strong bullish momentum, often exceeding previous highs.
Sabah Research notes the following key points from the Elliott Wave analysis:
Wave 4 Correction Completed: The recent market correction (Wave 4) provided ETH with a strong support level, forming a foundation for the next impulsive phase.
Wave 5 Momentum Building: Early indicators suggest strong bullish momentum as ETH's price action aligns with historical patterns observed in previous fifth waves.
Target Price of $4,900: Based on Fibonacci extensions and historical price behavior, the fifth wave is projected to push ETH to a new ATH of $4,900.
Disclaimer: This research is for informational purposes only and should not be considered financial advice.
Recently published a compelling analysis suggesting that Ethereum (ETH) is on track to reach new all-time highs (ATHs) of $4,900. This projection is supported by technical analysis using Elliott Wave Theory 2.0, as well as a favorable Trump Presidency toward crypto currencies.
Elliott Wave Theory 2.0 Analysis
According to Elliott Wave Theory 2.0, ETH is currently in the early stages of the fifth impulsive wave, which began approximately four months ago. Elliott Wave Theory posits that market movements follow a predictable wave structure, with five waves in the direction of the prevailing trend (impulsive waves) and three corrective waves against it. The fifth wave is typically characterized by a strong bullish momentum, often exceeding previous highs.
Sabah Research notes the following key points from the Elliott Wave analysis:
Wave 4 Correction Completed: The recent market correction (Wave 4) provided ETH with a strong support level, forming a foundation for the next impulsive phase.
Wave 5 Momentum Building: Early indicators suggest strong bullish momentum as ETH's price action aligns with historical patterns observed in previous fifth waves.
Target Price of $4,900: Based on Fibonacci extensions and historical price behavior, the fifth wave is projected to push ETH to a new ATH of $4,900.
Disclaimer: This research is for informational purposes only and should not be considered financial advice.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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