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Ethereum before breakthrough: Analyst predicts new highs!
Analyst Bluntz predicts massive course increases for Ethereum and Tesla. Ethereum could reach $ 5,500, Tesla over $ 1,000.
Ethereum before breakthrough: Analyst predicts new highs!
Analyst Bluntz sees a promising development for Ethereum (ETH) in the coming weeks. In his analysis that was released on dailyhodl.com he a potential outbreak to new all -time highs (ATH). With a focus on the Elliott wave theory, Bluntz analyzes that Ethereum recently undergone local soil formation after a correction of the fourth wave has been carried out.
Studies according to the Elliott wave theory indicate that Bullishe assets typically go through a five waves of comprehensive upward trend. Bluntz estimates that the price of Ethereum could reach around $ 5,500 in this upward movement. However, he makes it clear that the breakthrough to the new ATH may not be as spectacular as many investors hope.
Current prices and market developments
The current trade price from Ethereum is $ 4,216. Bluntz refers to the progressive market analysis to predict the future movements of ETH. While he focuses on Ethereum, he also observes the development of Tesla (TSLA). He thinks that the stock is anchored on a strong five waves and estimates that it could increase over $ 1,000 if the technology for autonomous driving is developing.
The current price of Tesla is $ 443. Bluntz, who has a trailer of 328,600 followers on X, remains confident about the progress in both Ethereum and Tesla and its influence on the market.