Ethereum (ETH) Showing Strong Performance, Predicted to Reach All-Time High
Ethereum’s native cryptocurrency, Ether (ETH), has displayed resilience after the market crash in 2022. Currently trading at around $2,000, ETH has experienced a 70% price increase compared to the beginning of the year. Analyst FieryTrading predicts that this is just the start of an upward trend that could push ETH to its all-time high of over $4,800.
FieryTrading points out that ETH has been in a bullish triangle pattern for the past year and a half, suggesting further gains in the coming months. Breaking out from this pattern could result in significant gains for ETH as short-trade stop-losses are forced to buy back their positions.
According to FieryTrading’s analysis, ETH is expected to reach almost $5,000 by early 2025.
Predictions for Cardano’s ADA
FieryTrading also offers insights into Cardano’s native token, ADA. They believe that ADA is positioned for a remarkable increase towards $35 within two years. This prediction is based on parallel channels indicating the start of a bull run.
Hot Take: Ethereum and Cardano Expected to Soar
Ethereum and Cardano are both poised for significant growth in the coming years. With Ethereum predicted to reach its all-time high of over $4,800 and Cardano projected to exceed $35, these cryptocurrencies present exciting investment opportunities. If these predictions hold true, investors stand to benefit from substantial returns.
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