Whale Garrett Jin: ETH's downward momentum is exhausted, with the target range pointing to $5,413-$7,155

2026-01-14 00:49:13

According to the latest news, the suspected “1011 Insider Whale” agent Garrett Jin has released a technical analysis of Ethereum (ETH), believing that ETH’s downward trend has been exhausted and is entering a new upward phase within the ascending channel formed since April last year. This judgment is based on a failure signal in the wave structure, providing a new perspective for the market.

Technical Indicators Show Diminishing Downward Momentum

According to Garrett Jin’s analysis, ETH’s decline has gone through three clear stages:

Wave C decline began on October 10, 2025
The overall downtrend encountered resistance around November 20
On December 18, the fifth wave decline failed, indicating that the downward momentum has been exhausted

This “failure of Wave 5 decline” is a key signal. In wave theory, if Wave 5 fails, it means the driving force behind the original trend has significantly weakened, often indicating a higher likelihood of trend reversal.

Upward Channel Re-Activated

More importantly, Garrett Jin believes ETH has re-entered the long-term upward channel formed since April 2025, currently in the (5) wave stage within that channel. This suggests that, from a longer time frame, ETH remains in a major upward trend; the recent decline is merely a correction within this larger trend.

Based on this technical structure, he provides two target levels:

Target Type	Price Level	Explanation
Theoretical Target	$5,413	Derived from standard wave structure
Aggressive Target	$7,155	Based on a more optimistic upward space assumption

From the current price of $3,316.63, the theoretical target implies about a 63% increase, while the aggressive target suggests approximately a 116% rise.

Market Environment Supports the Outlook

This technical assessment is also echoed by macro factors. According to the latest information, Garrett Jin also pointed out on January 12 that risk appetite in the stock market is increasing — the Nasdaq 100 index has lagged, but the Russell 2000 index continues to hit new highs, with funds clearly shifting toward small and mid-cap stocks. As high-beta risk assets, Bitcoin and Ethereum are expected to be the recipients of the next round of capital inflows.

This aligns with ETH’s recent performance. As of January 14, ETH has risen 7.02% in the past 24 hours, with a 7-day increase of 1.45% and a 30-day increase of 8.28%, showing a gradual strengthening trend.

Summary

From a technical perspective, ETH’s downward momentum indeed shows signs of exhaustion, and the re-entry into the long-term upward channel has some technical support. Coupled with the macro background of increased risk appetite in the stock market, ETH faces a relatively favorable environment in the medium term. However, the realization of target levels at $5,413 and $7,155 requires sustained capital support and market sentiment. Investors should remain attentive to short-term fluctuations and risk factors when referencing these targets.

ETH-3,45%

BTC-2,35%

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