Since its inception, ETH has moved up in a 5-wave pattern, which is now being followed by an ABC correction.
Wave A occurred during the last bear market.
Currently, we are in wave B, and the market is showing a lot of strength. Wave B should retrace the 5th wave completely and move higher. A move higher than wave 5 will indicate a strong B wave. Depending on where wave B finishes, it will determine whether wave C retraces wave A or not.
If the B wave falls between 101-123.6% of wave A, there is still a relatively good chance that wave C will completely retrace wave B.
If the B wave exceeds 123.6% of wave A, there is little chance that wave C will retrace all of wave B. If it does, it will still be an irregular pattern. When the B wave exceeds 138.2% of wave A, there is no chance that wave C will retrace all of wave B.
I personally can see ETH reaching around $7,000 to $9,000 very soon
This is all I can say based on the 6-monthly chart.