Ethereum Could Rally to $16,000 in Extended Bull Cycle, Elliott Wave Analysis Projects

Ethereum climbed above $4,100 over the weekend, extending its recovery from the $3,500 support zone established earlier this month. Crypto analyst Freedomby40 presented an Elliott Wave-based technical framework suggesting the asset may be entering a renewed impulse phase. Fibonacci extension targets range from $6,303 to a potential $16,077.