【Crypto World】 Analysts have released technical analysis of ETH, suggesting that the current C wave decline starting from October 10th encountered resistance around November 20th. By December 18th, there were signs of a failed fifth wave decline—typically indicating that selling pressure momentum is waning. Notably, ETH seems to have re-entered the upward channel that has been in place since April of last year, within wave (5). Based on this technical structure, the conservative target is around $5,413, while a more aggressive move could push it to $7,155. The transition from a failure signal to a new upward trend initiated by Sina is quite noteworthy, and subsequent performance warrants close attention.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
4 Likes
Reward
4
4
Repost
Share
Comment
0/400
PensionDestroyer
· 9h ago
Failed to decline? I just want to know if this signal is reliable. Last time I said that, it dropped straight through.
View OriginalReply0
OldLeekNewSickle
· 9h ago
Here comes the new tactic to cut leeks again. Has the fifth wave failed? I actually saw my account fail.
View OriginalReply0
BearMarketBro
· 9h ago
Failed to fall? Alright, let's first stabilize at $5413, no more pie-in-the-sky promises.
View OriginalReply0
DegenGambler
· 9h ago
Here comes wave theory again, 5413 or 7155. Are you really confident enough to go all in?
Is ETH showing signs of a technical revival? From a failed decline to a target of $5413
【Crypto World】 Analysts have released technical analysis of ETH, suggesting that the current C wave decline starting from October 10th encountered resistance around November 20th. By December 18th, there were signs of a failed fifth wave decline—typically indicating that selling pressure momentum is waning. Notably, ETH seems to have re-entered the upward channel that has been in place since April of last year, within wave (5). Based on this technical structure, the conservative target is around $5,413, while a more aggressive move could push it to $7,155. The transition from a failure signal to a new upward trend initiated by Sina is quite noteworthy, and subsequent performance warrants close attention.