Ethereum's Five-Wave Rally Ends, Next Stop $2,450?

Ethereum (ETH) has completed a five-wave rally that took it to $1,955. Analysts believe this is a short-term pullback and not the end of the upward trend.

A correction to around $1,700 is expected before Ethereum makes another move upwards, potentially reaching approximately $2,450. This outlook is based on the Elliott Wave Principle and technical indicators, which highlight a key support level that bulls must defend to sustain the rally.