Using Elliott wave analysis, we identify several scenarios that point to $6,000+ if Ethereum’s price holds above key levels. But does that matter? Not at all, as all three options point toward higher prices, contingent on holding above certain price levels, but in different ways. The key here, of course, is ‘contingent on.’ That’s our uncertainty and, essentially, one’s stop-loss.
Figure 1. Ethereum’s 4-year base signals a massive Wave 5 rally. Breaking $5,000 could spark an expansion toward $6,673, as the RSI hits a key buy zone. Figure 2. Ethereum’s multi-year consolidation pattern points to a massive breakout. Technical targets suggest a move toward $8,000 as it completes its long-term bullish cycle.
Figure 3. Ethereum’s monthly RSI has retreated into the ‘low risk buy zone’ as price tests the lower support of a macro broadening wedge. This structural setup identifies a secondary wave count that eyes a long-term target of $6,673. What are these levels? $1384, $883, and $356.
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