Ethereum – $600 next month?

Hi all!

While Bitcoin remains at the same level, it’s time to analyze Ethereum. Of course, Ethereum will repeat the wave structure of Bitcoin, but it has its own volatility, which may be more interesting to traders.

You can look at yesterday’s BTCUSDT analysis to understand what waves are expected for the entire crypto market. ETH waves coincide with Bitcoin waves. Global wave 4 ended at $2000 and is now in wave 5. Sub-waves 1 and 2 within wave 5 have already completed. Now the price is forming wave 3, the target for wave 3 is the extension of 1.618 Fibonacci. Of course, this is just a rough target. We have to use other “magic bullets” to determine where the trend will end, of course I will tell you where the time to buy will be.

An extremely bearish sign that tells us that Ethereum will fall in the next couple of weeks is the 0.618 Fibonacci retracement breaking and extreme weakness forming just below it. Of course I’m not shorting ETH, I’m just waiting for the best crazy long opportunity.

Best regards, Ivan