ETH Ethereum medium term Price Target

If you haven`t bought ETH before the rally:

Then in alignment with the analysis derived from the Elliott Waves chart pattern, Ethereum is signaling a potential retracement, with one of the legs down anticipated around $2,700.
This correction is depicted in the chart pattern, suggesting a short-term bearish sentiment. However, in the broader market context, there's a noteworthy surge in optimistic calls for tech companies leading up to June 21 OPEX.

This surge might coincide with potential positive market catalysts, such as the prospect of an interest rate cut.
If Ethereum mirrors the trajectory of traditional market movements, there could be a renewed positive sentiment. In light of these factors, I speculate that Ethereum has the potential to experience an upside, reaching around $3,350 by mid-2024.

Trade closed: target reached:

ETH June price target reached sooner than expected.