From my point of view, Ethereum is experiencing a Mega Elliott Wave like the one that occurred from October 2000 to June 2002, with almost perfect time symmetry.
If so, we are at the beginning of wave 3, the price could reach 4200, and the 200-day support line will not be broken before the formation of wave 4. Ethereum recorded a 6-year uptrend channel breakout in February 2021 and February 2024.
Please note that the wave is drawn schematically and its purpose is not to accurately predict future prices.
If so, we are at the beginning of wave 3, the price could reach 4200, and the 200-day support line will not be broken before the formation of wave 4. Ethereum recorded a 6-year uptrend channel breakout in February 2021 and February 2024.
Please note that the wave is drawn schematically and its purpose is not to accurately predict future prices.