Why It’s Still a Good Time to Invest in Ethereum, According to Crypto Analyst

By Newt Bettec Dec 4, 202339Views

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Why Ethereum Could Still Be a Good Investment

A crypto analyst, Ali, believes that Ethereum (ETH) is still worth investing in, citing data from market intelligence platform IntoTheBlock. According to Ali, between the price range of $1,900 and $2,100, approximately 43.8 million Ethereum was acquired. This suggests that there is strong support for ETH around the $2,000 level.

Positive Momentum for ETH Price

Ethereum has recently experienced a bullish surge, surpassing the $2,200 mark. This positive momentum indicates that there may be further upward movement for ETH in the near future.

Ethereum Price Chart

Hot Take: Don’t Miss Out on Buying ETH

If you’re considering investing in cryptocurrencies, now could be a good time to buy Ethereum. The strong support around $2,000 and the recent bullish momentum suggest that ETH has the potential for further growth. With targets potentially reaching $2,600 and even $3,500 according to Ali, it may not be too late to invest in Ethereum.

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Newt Bettec

Newt Bettec emerges as an intellectual voyager at the intersection of crypto analysis, meticulous research, and editorial mastery. Within the digital labyrinth of cryptocurrencies, Newt's intellect traverses intricate corridors, resonating with seekers of diverse inclinations. His talent for unraveling complex threads of crypto intricacies seamlessly blends with his editorial finesse, transmuting intricacy into an engaging tapestry of understanding. A guiding star for both audacious explorers and curious neophytes journeying through the crypto galaxy, Newt's insights forge a compass for insightful decision-making amidst the ever-evolving universe of digital assets. With the precision of a wordsmith, they craft a narrative that enriches the evolving chronicle of the crypto cosmos.