2 min

Ethereum – $600 next month?

Of course Ethereum will repeat the Bitcoin's waves structure, but it have it's own volatility which could be more interesting for the traders.

Hello, everyone!

While Bitcoin is staying at the same level it’s time to analyze the Ethereum. Of course Ethereum will repeat the Bitcoin’s waves structure, but it have it’s own volatility which could be more interesting for the traders.

You can watch the yesterday’s BTCUSDT analysis to understand which waves are anticipated for the whole cryptomarket. ETH waves are coincides with  Bitcoin waves. Global wave 4 have been ended at $2000 and now it’s in the wave 5. Subwaves 1 and 2 inside wave 5 have been already ended. Now the price is forming the wave 3, the target for wave 3 is the 1.618 Fibonacci extension. Of course it’s just the approximate target. We have to use other “Magic bullets” to define where the trend is going to end, of course I will tell you where it will be the time to buy.

The extremely bearish sign which tells us that the Ethereum will fall next couple of weeks is the 0.618 Fibonacci retracement breakdown and forming the extreme weakness just below it. Of course I am not shorting the ETH, I just wait for the best insane long opportunity.

Best regards, Ivan

Trade easy with Smart tools

Utilize AI-enhanced SmartBot for automated decisions and SmartTrade terminal for tailored manual trades, all in one integrated platform.

Similar blog posts

Hello, Skyrexians! Recently I shared this article about OTHERS.D where I pointed out that this chart is about to print another one lower low. Now it’s happening, but this is

Hello, Skyrexans! The title of this article is made specially for haters. I see euphoria on each small drop of BTC.D and understand that altseason now will not happen. People

Hello, Skyrexians! Despite most of traders now already do not believe in correction for Bitcoin, USDT.D is showing the potential warning sign. For sure my global forecast for this chart

Hello, Skyrexians! Time for the negative article about BTC.D which is our favorite topic recently because I see now the euphoria again that altseason has been started. The answer is

Hello, Skyrexians! Let’s continue trying to guess when BTC will have a correction. This time it’s very likely, but I am not recommend to short this correction because this is

Hello, Skyrexians! It’s time to update my previous AVAX analysis because when I told that correction is over as usual I have a lot of haters in comments. They told