ETH (ETHEREUM) PRICE PREDICTION [August 2021] | When Will It Stop?
1 extracted signal · 0 resolved · 1 still active
Trading TutorIndependent analyst profile- Source published
- 16 Aug 2021, 02:01 UTC
- Recorded by Tahlil Plus
- 30 Sept 2026, 08:11 UTC
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AI-generated source summary
The overall market trend for ETHUSDT is bullish, with the price currently consolidating after a significant upward impulse. The analysis suggests a potential for further upward movement towards a target of $8000. This prediction is based on a multi-wave Elliot Wave count, indicating that the current upward move is likely the start of a larger impulsive wave. Key support levels are identified around $3000 and $2000, which would invalidate the bullish thesis if breached decisively. The previous major low was identified in March 2020, from which a primary impulse wave was initiated. The current price action is interpreted as a corrective wave (ABC) following the previous impulse, with potential for a larger wave 3 to form. The analysis relies on Elliot Wave Theory principles, including wave patterns and Fibonacci retracements to identify potential turning points and targets. The current consolidation is seen as a healthy pause before the next leg up.
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Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.