BlockBeats news, on January 14, Garrett Jin, an agent of the "BTC OG insider whale," posted "Ethereum technical analysis" on social media, stating:
The Ethereum C-wave decline began on October 10th.
The overall downward trend was impeded around November 20th, and the fifth wave of decline failed by December 18th, indicating that the momentum of the trend has exhausted.
We believe Ethereum has re-entered the fifth wave of the uptrend that began in April last year.
The theoretical target position is as follows:
Goal 1: $5,413
Radical Goal Two: $7,155.

