"1011 Insider Whale" Agent: ETH Downtrend May Be Exhausted, Entering a New Uptrend Channel

Odaily News Garret Jin, the agent for the "1011 Insider Whale," released a technical analysis on ETH, stating that the C-wave decline for ETH began on October 10th. The overall downtrend was blocked around November 20th, and a failure of the 5th wave decline occurred on December 18th, indicating exhaustion of the downward momentum.

He believes that ETH has re-entered the (5)th wave within the uptrend channel formed since last April. Based on this technical structure, the theoretical target levels he provided are $5,413, with an aggressive target of $7,155.