Odaily Planet Daily reports: “1011 Insider Whale” agent Garrett Jin released ETH technical analysis stating that the C wave decline of ETH began on October 10. The overall downward trend was halted around November 20, and the fifth wave of decline failed on December 18, indicating that the downward momentum is exhausted.
He believes that ETH has re-entered the fifth wave of the upward channel formed since April last year. Based on this technical structure, his theoretical target levels are $5,413 and an aggressive target of $7,155.
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