Ethereum's price history has been spectacular. Here are the Elliot Waves for the 2015-17 bull market (Binance prices):
(0) 10/19/15 $0.42
(1) 6/13/16 $21.67 51.6 fold
(2) 12/5/16 $6.04 -72.1%
(3) 6/12/17 $439.90 72.8 fold
(4) 9/11/17 $193.33 -56.1%
(5) 1/9/18 $1529.49 7.9 fold
Here are the Elliot Waves for the 2018-22 bull market:
(0) 12/7/18 $79.06 -94.8%
(1) 6/24/19 $383.30 4.8 fold
(2) 3/9/20 $84.61 -77.9%
(3) 5/10/21 $4646.57 54.9 fold
(4) 1/20/22? $2700? -41.9%?
(5) 12/15/22? $25000? 9.3 fold?
Admittedly, prices for ends of waves coming are educated guesses. However, the (1) and (3) waves have lined up well with the (5) wave in the 2015-17 bull market. I think there is a good chance ETH goes to $25000 by the end of this year.
(0) 10/19/15 $0.42
(1) 6/13/16 $21.67 51.6 fold
(2) 12/5/16 $6.04 -72.1%
(3) 6/12/17 $439.90 72.8 fold
(4) 9/11/17 $193.33 -56.1%
(5) 1/9/18 $1529.49 7.9 fold
Here are the Elliot Waves for the 2018-22 bull market:
(0) 12/7/18 $79.06 -94.8%
(1) 6/24/19 $383.30 4.8 fold
(2) 3/9/20 $84.61 -77.9%
(3) 5/10/21 $4646.57 54.9 fold
(4) 1/20/22? $2700? -41.9%?
(5) 12/15/22? $25000? 9.3 fold?
Admittedly, prices for ends of waves coming are educated guesses. However, the (1) and (3) waves have lined up well with the (5) wave in the 2015-17 bull market. I think there is a good chance ETH goes to $25000 by the end of this year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.