Ethereum $2,499.34‘s price chart of a five -stage rise wave appeared comments that the market entered the radar of the market. Analyst Bluntz, known as “Master Trader in Bybit, emphasizes that we are in the fourth leg of the Elliott wave model and that the level of $ 3,500 is considered a very reasonable target. According to the analyst, former president Donald Trump in the United States in the iPhones and the European Union, although short -term tremors created the customs, Ethereum managed to remain around $ 2,478. With the continuation of investor interest, the upward movement area can expand in the coming weeks.
Five wavy rise scenario for Ethereum price
Bluntz’s four -hour chart -based assessment shows that we have seen a short breathing in the fourth step of the five wave models. According to this theory, the wave 5 is expected to approach the threshold of $ 3,500. Although Trump’s high tax rhetoric has created a fluctuation in technology shares, the correlation of Ethereum remained limited; Momentum indicators indicate that the receiving pressure is still outweigh. In particular, the increase in interest in Spot Ethereum ETFs serves as a potential catalyst.
Analysts remind you that intermediate retreats are inevitable as a natural part of the rise correction cycle. However, the fact that the $ 2,300 region creates a strong demand line ensures that the rise is considered “healthy .. Increased open positions and call request in the option market in the futures markets reveal that investor sensitivity remains supportive. In the short term, the daily closures of over $ 2,650 are critical to accelerate the wave 5 in the short term.
Expectation beyond humor that aims at the SPX6900 Memecoin
Bluntz does not only focus on Ethereum; The SPX6900 Memecoin, which attracts attention with its “$ 69 trillion market value” motto, is also optimistic. In October, the Analyst uses the phrase ım I will store the SPXs in my hand there while waiting for a new summit with $ 2.30. The SPX6900 is thought to attract attention in the event that the S&P 500 index breaks new records. Crypto currency strategist Jack, “S&P 500 is going to make a cuff again SPX6900 to keep it makes sense,” he supports the expectation.
Nevertheless, the Memecoin ecosystem is open to instant fluctuations due to its nature. Price movements are in the mercy of many variables from community jokes to stock market liquidity. Experts recommend investors to review risk profiles without humorous narratives. The popularization of the SPX6900 can also reflect the expanding user base of Ethereum -based projects and provide fresh flow to the ecosystem.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
