Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 — TradingView News
Ethereum’s bullish momentum has intensified throughout the weekend, with the price climbing above $4,100. This steady recovery follows a strong rebound from the $3,500 region after a crash earlier in the month.
Investor sentiment, as shown by trading volume and flows on exchanges, has turned optimistic amidst the recovery. Now that Ethereum’s price action is starting to turn bullish again, a new technical analysis shared by crypto analyst Freedomby40 on the social media platform X suggests that the current rally could be far from over, projecting a possible long-term climb to $16,000.
Wave Count Structure Points To A Continuation Phase
Freedomby40’s analysis, which is based on the Elliott Wave structure, presents Ethereum as…
