Ethereum price reaches $600 this year? Analysts’ bold call

If pseudo-analyst Weslad can be trusted, Ethereum (ETH) will be trapped in a tug-of-war between tug-of-war, a huge future: a historic surge, over $6,000, or a soul-of-scenic spot to $1,800.

Market technicians claim that ETH completed a massive ABCDE wave structure within a year-long “symmetry champion”, which can only mean one thing: an explosion.

The Roaring Bull Case

In a recent breakdown, Weslad explained that Ethereum’s all-time high price of $4,851 has formed a huge merger model since its price action. According to him, this structure is now approaching a critical turning point called Wave D, testing its upper boundary.

Meanwhile, the bullish inverse head and shoulder (IH&S) pattern is emerging on the daily chart, with stubborn resistance on its neckline approaching $2,855.

This fusion of technology shows that a coiled spring is ready to release huge energy into the market, allowing analysts to state clearly:

“The confirmed breakthrough above the neckline ($2,855) could validate the breakthroughs for the IH&S and D Wave D, thus moving towards the $6,000 target and beyond for the potential expansion.”

Weslad’s bold goal found an ally in strategist Jeremy Fielder, who announced in a video posted on X:

“By the end of the year, we’re looking for $6,500 Ethereum and then by the beginning of next year it could be 10,000 Ethereum… Now, the regulations are Pro-Crypto. That’s everything you need to know.”

His argument is based on accelerating acceleration and favorable regulatory shifts to Web3, dismissing granular indicators, instead in favor of the sweeping bullish trend.

While not as high as the milestones for Weslad and Fielder’s, Titan, a market observer for the cryptocurrency’s $4,100 target, is not far from the court. His paper depends on Ethereum’s successful recovery within its critical weekly trading range and points out that momentum is moving towards a high range.

The looming bear trap

But don’t celebrate. Weslad’s originally bullish analysis also caused a clear warning about the downside. He suggested that if ETH faces resistance to the critical $2,855 neckline or rejection of the upper boundary of the pennant, it would be traced back to the wave E.

According to him, this trajectory will lower prices to a “high conflict demand zone” involving $1,400 to $1,800. This is probably 40% of the crash from the current level.