The second-largest cryptocurrency in the world is currently trading above $1,500, providing investors with some minor gains who bought the dips.
Crypto analyst DonAlt tweeted that this month might see Ethereum turn positive. He stated to his 417,000 followers that he is bullish on the price of the top smart contract platform and believes it might hit new monthly highs.
Ethereum’s chart was used by DonAlt, who stated that only upward movement was possible for ETH going forward.
“Full send, as expected. Already retraced 40% of the bear market move (on a relative basis) and doesn’t look weak yet either. Don’t really see a good reason for it to get anything more than a temporary rejection here. I’ll remain bullish,” he wrote.
Will ETH Price Hit the $2k Mark soon?
In the upcoming days, the expert predicted that the price of Ethereum might go between $1,800 and $2,200, or possibly $2,600. He also said that he bought some ETH at a discount price of $1,000 and is currently making a 50% profit. The expert claimed he was unwilling to sell, though, since he thought it might go through $2,000 in the following days.
“I wanted a $1,000+ close on ETH, I got one. Up 50% on this position also, still not willing to sell. $1,800 is an interesting area on the low timeframes but given the merge hype has just started, I’m probably going to hold till my target is hit or I’m invalidated,” he said.
This month, Ethereum fell under $1,000 and traded in triple digits for the first time in two years. In only one week, ETH dropped from $1,800 to $1,200 before plummeting to $980 at the beginning of the month. However, since breaking through the $1,500 barrier yesterday, Ethereum has picked up steam this week.
Was this writing helpful?
Link del artículo original
Si el presente artículo, video o foto intrigue cualquier derecho de autor por favor señálelo al correo del autor o en la caja de comentarios.