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Is ETH showing signs of a technical revival? From a failed decline to a target of $5413
【Crypto World】 Analysts have released technical analysis of ETH, suggesting that the current C wave decline starting from October 10th encountered resistance around November 20th. By December 18th, there were signs of a failed fifth wave decline—typically indicating that selling pressure momentum is waning. Notably, ETH seems to have re-entered the upward channel that has been in place since April of last year, within wave (5). Based on this technical structure, the conservative target is around $5,413, while a more aggressive move could push it to $7,155. The transition from a failure signal to a new upward trend initiated by Sina is quite noteworthy, and subsequent performance warrants close attention.