Ethereum price is heading towards $2,600, but a correction first

The recent price developments of Ethereum (ETH), the second largest cryptocurrency, are very interesting. In our latest analysis from Crypto Insiders Premium, we take a look at ETH’s recent and future price movements.

These insights are relevant for ETH investors and traders looking for opportunities in the market. Register now for just 1 euro and get access to further analyzes in our premium environment for 30 days. Remember that this analysis is for informational purposes only and is not intended as financial advice.

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Technical analysis of Ethereum (ETH) price

Crypto Insiders analysts recently shared new ETH analysis in the premium environment. They explained the following:

“Ethereum had recently formed a strong upward pattern of the 12345 Elliott wave. This upward move is supported by upward dynamic trend lines that further highlight the strength.

We forecast a temporary decline towards our green buy zone between $1,832 and $1,900. In this area, we expect the current correction phase to end, paving the way for the continuation of the larger Elliott wave pattern at 12345.

The invalidation threshold is $1,519, which is what we should pay close attention to. If the price fails to break below this level, we expect a rise to an initial target around $2,580. Otherwise we must expect further downward pressure.”

Date of analysis: November 26th. Link to trading view:

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