In recent weeks, Ethereum’s price has seen fluctuations, hitting a peak of 3,859 USD on July 21 before settling around 3,675 USD. The analysis using Elliott Wave principles indicates the presence of completed waves and a strong potential for upward movement.
Forecasts suggest that if Ethereum sustains above 3,878 USD, a continuation towards 6,000 USD is likely. The analysis emphasizes targets aligning with Fibonacci extensions, indicating significant bullish momentum could extend towards 6,200 USD.
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