According to Cryptonewsland, Ethereum (ETH) is currently following a five-wave Elliott structure that could lead to a $16,528 price target by early 2026. The chart analysis shows a completed first wave above $4,000, followed by a corrective second wave near $2,734. The volume profile supports this correction, and the structure aligns with a rising channel that guides the next wave three push. The USDT dominance chart also shows a nearly completed five-wave move, which may create favorable conditions for ETH's upward movement. The next major objective is positioned near the upper boundary of the channel, with internal wave counts and volume patterns reinforcing the potential for a strong climb.
Ethereum Wave Count Suggests $16,528 Target in 2026
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