Crypto Analyst Projects Big Ethereum Rally
A crypto analyst who accurately predicted Bitcoin’s 2018 bottom believes that Ethereum is set to experience a significant surge in the coming months. According to the pseudonymous trader Bluntz, Ethereum is poised to hit nearly $2,400 after a brief correction. Bluntz encourages buying more ETH during any dips below $1,720 before the anticipated rally.
Currently, ETH is trading at $1,899. Fellow trader Credible Crypto shares a similar outlook on Ethereum, expecting a pullback to around $1,700 before continuing its upward trajectory. However, Credible Crypto acknowledges that Ethereum’s retreat is less likely if Bitcoin’s price continues to surge.
If BTC maintains its upward momentum, it may impact the anticipated pullback for ETH. The analysts’ predictions suggest that Ethereum could see significant gains in the near future, but potential volatility in the crypto market could influence its trajectory.
Hot Take: Analyst’s Bullish Predictions for Ethereum
The post from The Daily Hodl outlines the optimistic forecasts for Ethereum’s price movement. Both analysts’ predictions highlight the potential for substantial gains in the value of Ethereum, with specific price targets and strategies for navigating market volatility. This insight could be valuable for investors looking to capitalize on potential opportunities within the cryptocurrency market.
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