Ethereum (ETH) Target Reached! Is $5000 Next? Forecast & Price Targets Explained
1 extracted signal · 1 resolved · 0 still active
More Crypto Online09 Oct 2025, 01:55 UTC
AI-generated source summary
The analysis focuses on ETHUSD. After forming a top in August, the price formed a three-wave move down to a support area. A three-wave move to the downside is a counter-trend move, while five-wave movements ideally to the upside signal the trend direction. After a corrective pullback, the chart confirms a larger degree uptrend. The 25th of September low shows a five-wave move that indicates the trend has shifted. The overall expectation would be for higher prices toward $5800 plus. It targets are between $4557 and $4723 but can move a little higher if breaks above the previous B Wave bounce which is the $4723. The invalidation point resides around the 78.6% retracement level, about $4002. The analysis uses Elliot Wave theory and Fibonacci retracement levels.
AI-generated summary based on the source content.
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Signals in this source
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