After I posted the ETH chart analysis yesterday, I was met with all kinds of criticism. I already explained that I am not studying wave theory; my trading system is merely somewhat similar to wave theory. My system is designed for pure practical trading, so there is no need to overthink it. Those who study wave theory say that my triangle cannot be the second wave; well, today I’ll draw it a bit more completely. That triangle is indeed the fourth wave, and the next is the fifth wave of increase. Regardless of whether it’s the second wave or the fourth wave correction, our practical system just captures the subsequent wave that rises monthly, so why worry about so much?

More critics say it’s impossible to reach 20,000; I want to say that the possible target may exceed 20,000 a little bit. They don’t think about why I didn’t post the big target of ETH 20,000 earlier or later, but only yesterday. It’s because every time I study the technical chart of a coin, I need to conduct fundamental research. The current fundamentals of Ethereum have undergone significant changes. Firstly, the dual upgrade of Ethereum has been completed, and this major upgrade has a very far-reaching positive impact on the crypto world, but it does not explode all at once; it slowly reveals itself. Secondly, many big players on Wall Street have allocated 90% of their funds to the RWA sector on Ethereum. Additionally, ETF staking is also destined to pass soon, which means that buying and holding the ETH ETF long-term is equivalent to having mining income, which will encourage them to continue buying. Finally, the interest rate cuts are not in June but in July; this round of altcoin cycles has changed. Coins like $BTC and $XRP , which have been on the rise, will continue to rise without deep corrections. The coins led by $ETH that entered the bear market will catch up in the upcoming flooding environment, and ETH will lead the way for major coins to enter a super bull market, so the target of 20,000 is not too high.

ETH operation key points: Those of you with low Ethereum costs can exit between 2500 and 2700. For those of us with high ETH costs, we’ll see if it can reach the second gap at 3295 before exiting, and then wait to re-enter at the 'e' point in the future chart (from 'd' point to 'e' point, it will be accompanied by BTC's daily line correction).