Combining our preferred Elliot Wave count with technical indicators and analyses, we find that Ethereum has most likely bottomed short- to long-term, with a first target of ~$2470.

and concluded “ …the monthly RSI5 has now dropped below 30. As with the daily RSI30, history shows that this has produced low-risk, high-reward setups ($700 vs. $4000) for those with a longer-term ...

Using Elliott wave analysis, we identify several scenarios that point to $6,000+ if Ethereum’s price holds above key levels. We’re often asked what “the Elliott Wave count for X or Y or Z” is.