📈 Analysis and Prediction (ETH and OCEAN):

🤪 #ETH/USDT - On the weekly chart, it can be seen that #ETH is trading within an ascending parallel channel that emerged in June 2022. The price made two attempts to break out, both of which were unsuccessful. In February 2024, ETH finally managed to overcome resistance (green circle) and rallied above the midrange of the long-term range, bounded by levels of $1,400 to $4,000. Yesterday, ETH reached $3,522, its highest price since March 2022. Some crypto traders and analysts believe this is just the beginning of a larger #Ethereum trend. Forecast: Wave analysis and RSI signals on the daily chart support further growth of ETH. Technical analysts use Elliott Wave Theory to determine the trend direction by studying repetitive long-term price patterns and investor psychology. The most likely wave count suggests that ETH is in the third wave of a five-wave upward movement (black color). Currently, the length of the third wave exceeds the length of the first wave by 1.61 times. This is a potential peak level. However, the daily RSI continues to rise and shows no signs of reversal. Thus, if ETH breaks resistance at $3,640, further growth of up to 35% to the next resistance at $4,550 is possible, providing a 1:2.61 ratio to waves 1 and 3.

🌊 #OCEAN/USDT - The price of #OCEAN has been rising since the beginning of 2023. In October, the asset broke above the descending resistance line on its sixth attempt, which had been in place since reaching the previous historical peak. This week, OCEAN reached a new annual high of $0.88, with wave analysis supporting the upward movement and breakout. According to the most probable calculation, the token is in the third wave of a five-wave upward movement. If so, its price could rise to the next resistances at $1.36 or $2.03. In the first case, the ratio of the first and third waves will be 1:1, and in the second case, 1:1.61. This would mean an upward movement of 50% and 120% respectively.

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