Ethereum price action continues to arouse controversy because the feeling of the market remains deeply down. In particular, a crypto analyst predicted what they call “the most hated crypto rally”, suggesting that ETH could challenge expectations and increase more, triggering intense skepticism of traders and investors.
Ethereum Price Surge to Sparking Controversy
Using the Elliott waves theory As a basis for its forecast of Ethereum prices, X (formerly Twitter) Crypto Analyst Decode predict A possible inversion of prices at the top of the Altcoin.
The analyst shared a graphic that lies the waves 1 to 5 of the structure of Elliott d’Ethereum waves. Currently, the Altcoin is in a correction of wave 4, which took place as a complex Wxyxz structure, a typical lateral corrective combination. Decode also underlines that “the extension of Fibonacci 1,236 of C vs a” has been reached, effectively completing wave 4.
If the wave 4 is concluded, the analyst suggests that the Ethereum price should start the wave 5 soon, leading to a Strong Rally Haussier Around $ 13,500 at $ 17,000. However, the present of Eth The feeling of the market is extremely bearishThis implies that capitulation can be closer than a rally.
Since market reversals often occur when feeling and demand are at worst, this could indicate a Potential Bottom for the Ethereum Prize. The analyst predicts that the assets could stage a strong rally after his drop, triggering what he calls “the most hated rally ever seen in Crypto”.
The reason for which Decode describes the next ETH price rally is therefore likely because it expects that it is welcomed with extreme skepticism and disbelief. Right now, the Crypto community is strongly pessimistic on the prices of Ethereum prices Due to its exchange of laterally prolonged. This feeling is apparently justified, because Eth has failed to rally ETH failed to rally Significantly, unlike most altcoins in cryptographic space.
While Bitcoin And altcoins like Solana, Cardano and XRP have recently skyrocketed, Ethereum is still negotiated on important stockings, even crushing more than 30% last month. If the market remains hesitant in ETH and avoids buying during price reductions, frustration and regret could increase once the Altcoin increases unexpectedly, letting investors look at the touch while they lack potential gains.
The analyst claims that ETH stages a return
Despite the broader volatility of the market and the slow growth in Ethereum prices, the market expert “ crypto caeser ” remains optimistic about the ETH rally potential. The analyst predict that Ethereum could stage a return And bounce back soon.
This optimistic prediction is based on past cycles, during which ETH has faced similar periods of serious decline and consolidation. In his price table, the analyst stressed that after the Crash of COVID-19 And the local Eth background, the cryptocurrency recorded a massive price rally the following year.
According to the analyst, Ethereum hit another local background after Bybit hacking attack. If history is repeated, ETH could undergo a strong recovery and trigger a thrust around $ 5,000 this bull cycle.
PEXELS star image, tradingView.com graphic
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