Ethereum $ETH Analysis Update

#ETH , the second strongest cryptocurrency in the crypto market, has held up remarkably well through all this volatility. Personally, if it weren’t for ETH, I’d be wrecked. All the altcoins I hold went down the drain. That’s why it’s essential to have the highest exposure in solid assets: BTC and ETH.

In previous analyses, we identified profit-taking zones between $3,800 and $5,000, and we locked in several gains. During this recent drop, we’ve bought back in, because according to our model, ETH should rech the $7,000 zone by the end of the cycle.

This is my analysis. Do your own, and if you’re scared, use a stop loss. Ethereum (ETH) is now clearer than it was a few months ago. In my opinion, we’re in a very favorable buying zone. The price has already completed a long and complex correction — what we call a Wave 4 with a WXYXZ structure in technical analysis — and everything suggests we’re close to starting a new bullish phase.

More specifically, we’re about to begin Wave 1 within the larger Wave 5, which typically marks the start of a strong upward impulse