Ethereum's Fifth Wave Rally: Whale Tracker Flags $5,413 Recovery Target

TokenomicsTinfoilHat · 2026-01-28T23:07:44+00:00

Garrett Jin predicts a bullish outlook for Ethereum, stating it has emerged from a corrective phase and entered the fifth wave of an upward trend. Key price targets are set at $5,413 and $7,155, signaling potential recovery strength ahead.

TokenomicsTinfoilHat

2026-01-28 23:07:44

Abstract generation in progress

Renowned chain analyst Garrett Jin took to X on January 14th to outline a bullish technical scenario for Ethereum, drawing from Elliott Wave Theory principles. According to Jin’s analysis, ETH has successfully rebounded from its recent correction phase and is now positioned within the fifth wave of an upward channel that originally commenced in April of last year.

The Wave Breakdown: From Decline to Reversal

Jin detailed the sequence of events that led to this bullish reassessment. Ethereum’s C-wave correction initiated on October 10th, with the overall bearish pressure extending through November 20th. By December 18th, the market demonstrated that downward momentum had lost steam—a critical signal suggesting the corrective phase was concluding. The exhaustion of selling pressure marked a transition point, according to Jin’s technical framework.

This analysis suggests that Ethereum has now re-entered the fifth wave phase of the upward channel established back in April. The transition from correction to recovery represents a significant shift in market structure for the asset, indicating potential strength ahead.

Projected Milestones: Fifth Wave Price Targets

Based on this wave analysis, Jin outlined two specific price objectives for Ethereum’s anticipated advance. The primary target is positioned at $5,413, representing the baseline expectation for the fifth wave progression. For traders adopting a more aggressive stance, a secondary target of $7,155 has been identified.

These theoretical levels serve as reference points for measuring the recovery strength as Ethereum continues through its identified wave structure. The fifth wave typically represents the final impulse leg in a bull cycle, making these targets significant milestones to monitor in the coming weeks.

ETH-1,42%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.