Ethereum breaks through key levels? Technical analysis points to two targets at $5400 and $7100

【Blockchain Rhythm】Recently, market analysts have discovered some interesting movements in Ethereum through technical analysis.

Since October 10 of last year, Ethereum has entered a wave C decline. This decline faced resistance around November 20, and then on December 18, the fifth wave failed to decline. This failure signal is very important—it indicates that the momentum of this downward trend is beginning to weaken, and the market may be brewing a reversal.

Based on wave theory analysis, analysts believe that Ethereum has re-entered an upward channel that started in April of last year, and is now in the fifth wave stage within this channel.

According to this judgment, they have provided two price targets:

Conservative target: $5,413

Aggressive target: $7,155

The logic behind these two figures is that if the upward momentum continues, Ethereum should gradually move toward these key levels. Of course, technical analysis itself carries uncertainties; these targets are more of a reference framework, and the actual trend will depend on the market’s real response and macroeconomic factors. Many traders pay attention to such technical analysis to assist their decision-making, but risk management always comes first.