Ethereum's Author Sees $2k Target Amid Zigzag Price Action
The author of this post is waiting for the first leg down in the current move to gauge when to jump into Ethereum, which they believe will reach $2k. They suggest that prices often follow a 1-2-3 or A-B-C zigzag pattern, with wave 2 and B being retraces before the next move up or down.
According to the author, once the first leg is complete, they can estimate where the price might hit for the next leg. However, they acknowledge that this is currently a 'trust-me-bro call.'
The author does think that Ethereum is about to make the next leg up, but warns that investments in digital assets can be risky and advises readers to carefully evaluate their risk tolerance.