Ethereum (ETH) Target Reached! Is $5000 Next? Forecast & Price Targets Explained
1 extracted signal · 1 resolved · 0 still active
More Crypto Online13 Oct 2025, 00:40 UTC
AI-generated source summary
The video analyzes the ETHUSD chart, noting a significant green candle indicating recovery. Support is being held, and a lower low hasn't formed yet. The price is holding the 38.2% retracement level, considered an ideal target for a fourth wave. The 21-week EMA is a crucial Fibonacci level. The 55-week EMA is at $3215. The analyst explores the idea of a low already formed, initially considered a textbook 1-2 setup which failed, but main support levels held. The analyst is waiting for a break above the $4400 level to confirm a shift in momentum, but needs to see a clear five-wave move up first. There is nearest support between $3933 and $4020. A three-wave move up is labeled as an ABC structure, with a potential for higher lows and higher highs to form a five-wave sequence before a three-wave pullback.
AI-generated summary based on the source content.
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