If we have already seen the low in Etherium in June this year, we are just at the end of wave (II) of another ascending movement. So we completed wave (I) on August 13 and since then the market has corrected roughly to the 0.618 Fibonacci retracement, a common level for such moves.
If the move completes at the 0.786 retracement, we will see values of at least $2977.05 in the following wave (III) (1.618 extension). However, the wave (III) is known to extend, which is why values above 3000$ are also possible without any problems.
If the move completes at the 0.786 retracement, we will see values of at least $2977.05 in the following wave (III) (1.618 extension). However, the wave (III) is known to extend, which is why values above 3000$ are also possible without any problems.