In the realm of digital currencies, a curious spectacle unfolded over the last week, as Ethereum (ETH) pirouetted its way to the dizzying height of $3,600. Ah, the second-largest cryptocurrency! Truly a sturdy contender among a sea of altcoins, and adorned with a delightful 45.48% gain over the past month, as the market twirled in a euphoria reminiscent of a grand ball in 19th-century Russia. But alas, dear reader, where there’s joy, there’s bound to be some Dutch wisdom. Enter the shrouded figure of Gert Van Lagen, casting cryptic prophecies about Ethereum’s fate with his Elliott wave analysis. 🧐🎩
Ethereum To Complete Bull Market Cycle On High Note – Analyst
The Elliott wave theory, a most intriguing concoction, serves as a lens through which to witness the dance of price patterns, twirling as they are driven by the capricious whims of investor psychology. In a post from the fervent fires of July 18, Van Lagen unveiled his revelations, hinting that Ethereum may soon don its finest attire for the final act of its bull market cycle, with ambitions of reaching the illustrious $10,000. Oh, the audacity! 💃💵
According to our oracle in the land of technical charts, the ETH bi-weekly performance lays bare a magnificent five-wave cycle, stretching its lengthy form back to 2022, now layering itself in the ever-so-fashionable expanding diagonal. Quite the revelation from Gert, indeed!
For those uninitiated in the mystique of Elliott wave theory, allow me to elucidate: this enterprising cycle flows through five waves, each adorned with the frolicsome subwaves abc. Observe the chart with the intensity of a suspicious courtier. We begin with Wave I’s initial rally—delightful! Then comes the sharp twist of Wave II, punctuated by the grimace of correction between 2022 and 2023. But lo! Wave III follows with rolling explosions, dragging Ethereum toward new heights—what a scene to behold!
Yet, the plot thickens with the lengthy consort of Wave IV, characterized by a flat, dramatic correction—much like a poorly timed jest at a royal gathering. And here we are, savoring the grand finale, Wave V, where the participants scurry amidst the market frenzy, anticipating one last price surge that may come to fruition upon a mysterious breaking of boundaries. Van Lagen spins tales of subwave a completing its dance, following the latest of price gains. 🕵️♂️✨
Therefore, my dear investors, brace yourselves for a potential brief retreat, a chance to retest the breakout zone. This shall complete subwave ‘b’, right before the grand blow-off rally of subwave ‘c’ saunters in, perhaps allowing Ethereum to take its rightful place at $10,000—a number that could make even the most stoic merchant weep with joy.
Ethereum Price Overview
As the audience shifts its gaze, Ethereum lingers at $3,657, capturing a modest 1.79% gain over the previous day and 21.8% over the past week. But alas! The daily trading volume seems to have dropped by a staggering 46.03%, raising questions about the vigor behind this chaotically joyous price surge. Nevertheless, Ethereum remains seated comfortably as the second-largest cryptocurrency, holding a magnificent market cap of $441.14 billion and a rather chummy 11.1% market share. What a world we inhabit! 🙌💼
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2025-07-20 14:53