"1011 Insider Whale" Agent: The downtrend of ETH may have exhausted, entering a new round of upward channel

"1011 Insider Whale" agent Garrett Jin released a technical analysis on ETH, stating that the decline of ETH's wave C began when the overall downtrend was obstructed, and it failed to decline during the emergence of wave 5, indicating a depletion of downward momentum.

He believes that ETH has re-entered wave (5) of the ascending channel formed since last April. Based on this technical structure, he provided theoretical target levels of $5413, with an aggressive target level of $7155.