ETH – Etherium

Did the crypto winter for Etherium end on June 30, 2022?

Feb 5, 2023
Etherium enjoyed a 5 wave rally going up in anticipation of its Merge as a classic example of the trading adage, “Buy the rumor, sell the news”. With the successful completion of the merger, wave 1 topped. The FTX capitulation brought ETH to a completion of a deep wave 2 and we are now trading above the level where the FTX crash started in November 2022.

With the premise that wave 1 and 2 are complete, we can use our Fibonacci extension tool to project wave 3 target levels:

100% at 2008
161% at 2587
200% at 2945