"1011 Insider Whale" Agent: ETH Downtrend May Be Exhausted, Entering a New Upward Channel

According to Odaily, Garrett Jin, the agent of "1011 Insider Whale," released a technical analysis of ETH, stating that the C wave decline of ETH began on October 10, with the overall downward trend being blocked around November 20, and the fifth wave decline failed on December 18, indicating a weakening of the downward momentum.

He believes that ETH has re-entered the fifth wave within the ascending channel that has formed since last April. Based on this technical structure, his theoretical target is $5,413, with an aggressive target of $7,155.