I have illustrated this inverted head and shoulders on the ETH weekly chart. Despite the current bearishness in ETH, I believe it will change with time.
I have included an Elliot Wave projection for the rest of this cycle. I think ETH could reach $15000 or more by Oct 2025.
This kind of prediction presumes BTC will go to $400,000 or more and ETH outperforms BTC for the rest of this cycle.
I am long ETH; not happy with its current performance. However, I think it will go to a new ATH above $5000 in a few months and pursue the higher number projected by the end of this year.
I have included an Elliot Wave projection for the rest of this cycle. I think ETH could reach $15000 or more by Oct 2025.
This kind of prediction presumes BTC will go to $400,000 or more and ETH outperforms BTC for the rest of this cycle.
I am long ETH; not happy with its current performance. However, I think it will go to a new ATH above $5000 in a few months and pursue the higher number projected by the end of this year.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.