Since ETH peaked, it has gone through a not-so-standard 5-wave decline, with a descending trendline firmly suppressing it. Here's a list of ETH's theoretical highest rebound target prices over time: June 23: Theoretical highest rebound target price $2068 July 10: Theoretical highest rebound target price $1960 July 28: Theoretical highest rebound target price $1850 (already achieved on June 15) August 19: Theoretical highest rebound target price $1719 Currently, every major rebound after ETH's drops has stopped right at the 38.2% Fibonacci level. This time, $1850 is also the 38.2% level of the $2423~$1505 range, which is considered a weak rebound.