Ethereum has been moving in interesting patterns lately, and I've been digging into the charts to find out where this current wave might peak. I’ll walk you through my thought process — and you can double-check the math for yourself.
🔢 Analyzing the Previous Wave
Let’s start with the last wave:
Low point: $1,385
High point: $2,879
Total rise: $2,879 - $1,385 = $1,495
So, the previous wave surged approximately 1,500 points.
Now, based on standard correction theory, we typically see a retracement of around 50% of the previous rise:
Correction level: $1,495 ÷ 2 = $750
Expected low after correction: $2,879 - $750 = $2,129
📉 Confirming the Correction
Looking at the second chart:
New low: $2,110
That’s remarkably close to the calculated correction level of $2,129.
This $2,110 level is now acting as the base for the current (second) wave.
📈 Predicting the Peak of the Current Wave
Now, if we assume the current wave follows a similar rise as the last one (around 1,495 points):
Wave starting point: $2,111
Potential target: $2,111 + $1,495 = $3,600
That gives us a theoretical peak for this wave at around $3,600.
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⚠️ Risk Warning
This analysis is based on technical patterns and historical price action. It is for reference only and should not be considered investment advice. Always do your own research and consult with financial experts before making any trading decisions.
If you think my math and analysis make sense, don’t forget to give it a thumbs up — thanks for the support! 🙏📊