Ethereum (ETH) Target Reached! Is $5000 Next? Forecast & Price Targets Explained
1 extracted signal · 1 resolved · 0 still active
More Crypto Online06 Oct 2025, 03:12 UTC
AI-generated source summary
Ethereum is holding up well, attempting to break above the red trend line, considered the next resistance. Ethereum previously tried to push higher, failing at the trend line, but this isn't viewed as a major problem, with consolidation occurring. The analysis points to Ethereum being in a smooth uptrend since September 25th/26th, potentially forming a five-wave move to the upside. The current count shows three waves, but this could be a higher B wave. The C wave might have bottomed out with plenty of downside room. Ideally, Ethereum holds the 4320 to 4250 levels. Until approaching 4185, there is no sign of topping. A deeper pullback is allowed in wave 4. The bulls' objective is to reach a fifth wave to the upside, requiring a higher high to consider the sequence complete. The area around 4500-4600 could provide resistance. Adding support for circle wave two is noted, holding a higher low might set the stage for a direct third-wave breakout.
AI-generated summary based on the source content.
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Signals in this source
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