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! On yesterday’s crypto pump SUI was the greatest performer and people started to have an interest in this coin will continue growing or this is just a bull

Hello, Skyrexians! Time to update our main chart BTC.D and today we will take a look at 4h time frame to make sure that everything is going according our global

Hello, Skyrexians! We hope you remember our previous BTC analysis where we told you that Bitcoin will not go significantly lower than $77k. Now price is already at $85k and people now can’t understand

Hello, Skyrexians! It’s time to update SOL analysis. We have already told about Solana dump when price was next to $300 where told about $110 and as usual did not

Hello, Skyrexians! Recently we pointed out that BTC.D  is in the last bullish wave which has a target approximately at 66% and the bear market on altcoins is almost over.

Hello, Skyrexains! Looking at the dominance charts recently we predicted the altcoins run-up in the upcoming weeks and DOT will definitely take part in this bounce. Let’s take a look