"1011 Insider Whale" Agent: ETH Downtrend May Be Exhausted, Entering a New Upward Channel
According to Odaily, Garrett Jin, the agent of "1011 Insider Whale," released a technical analysis of ETH, stating that the C wave decline of ETH began on October 10, with the overall downward trend being blocked around November 20, and the fifth wave decline failed on December 18, indicating a weakening of the downward momentum.
He believes that ETH has re-entered the fifth wave within the ascending channel that has formed since last April. Based on this technical structure, his theoretical target is $5,413, with an aggressive target of $7,155.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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