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Analysts Say ETH Could Moon or Drop—Neither Outcome Includes Free Pizza

BBG News

If you trust the mysterious, possibly AI-powered Weslad (who, for all we know, might just be an ETH maxing hamster), Ethereum is either about to make your grandkids rich or return your portfolio to its original dumpster fire state 🔥🤑. Weslad says Ethereum is tangled up in a big, dramatic ABCDE wave structure—like a soap opera, but instead of love triangles, it’s market pennants. This, apparently, “can only mean one thing: explosion.” Because sure, that’s how financial markets work, right?

The Roaring Bull Case

Weslad thinks ETH’s price since its peak of $4,851 is basically the crypto version of The Revenant—lots of flailing and suspense, with an unclear outcome but great visual effects. Apparently, ETH is about to hit a critical turning point: wave D (no relation to vitamin D, though that could help with the mood swings). And there’s a bullish “Inverse Head and Shoulders” pattern, which sounds more like bad posture than an investment opportunity. The neckline at $2,855 is playing hard to get.

This mashup of technical signs leads Weslad to basically scream, “Something’s about to happen!” and offers this hot take:

“A confirmed breakout above the neckline [$2,855] would likely validate both the IH&S and the breakout from wave D, setting the stage for a potential expansion move toward the $6,000 target and beyond.”

Enter Jeremy Fielder, another market wizard, who jumps in with even bolder numbers and zero regard for your anxiety levels:

“We’re looking at $6,500 Ethereum by the end of the year and then a possible 10,000 Ethereum in early next year… Regulation is now pro-crypto. That’s all you need to know.”

He bases his entire argument on the rise of Web3 and “good vibes” from regulators. More logic? Who needs it! 🎩

If those numbers have you sweating, Titan of Crypto goes a little easier: $4,100 is his ETH target, which is like saying, “You might not be able to buy a Lambo, but at least you could lease a nice scooter.” He points to Ethereum’s plucky recovery efforts—think of ETH crawling back into its weekly range like it just remembered where it left its dignity.

Looming Bear Trap

Don’t cue the yacht party soundtracks just yet. Weslad, in a twist worthy of prestige TV, warns that if ETH gets rejected at $2,855 or near the pennant’s upper edge, the drama heads south fast. That could mean “wave E,” which sounds adorable until you learn it’s just code for “possible trip to the $1,400 to $1,800 ‘demand zone’”—with demand here probably meaning “demanding tissues for your tears.” That’s about a 40% drop, FYI. ⛷️😬

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2025-07-06 21:38

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