ETH Elliott Wave Analysis
2025-01-30
Category: None

Hello friends
We are witnessing the formation of a bullish pattern on the Ethereum chart and we expect the Ethereum price to grow.
Now if we look at the chart, we see that the formed microwaves indicate an upward trend and this trend can be formed in the form of 5 impulse waves or ABC zigzags.
But we are in wave 3 or C and we expect the price to grow until its microwaves are completed.
But the appropriate range for entry is the $2770-2780 range, because in addition to a strong support, the price cannot close in the closing range of wave 1.
Therefore, the best entry price is this range but it can also grow from this price. This depends on your capital management and risk tolerance.
This is a weekly analysis and it will take 8 to 12 weeks to achieve it.
The first target price is $4,850.

Be successful and profitable.