Este Artículo También is respondable in Español.
A crypto analyst shared a new fat Forecast for Ethereum PrizePredicting that the number one Altcoin is on the verge of an explosive rally at $ 17,000. The analyst cited the previous trends to support his bullish projections, stressing that Ethereum gathers considerably after a drop.
Ethereum price forecasts target $ 17,000
According to Kiu_coin, the Ethereum season has just started, opening up possibilities for price reversal and purchasing opportunities. Lately, the Ethereum Price exchanged sideBenefiting from massive drops that the analyst described as a “shake”.
Related reading
Its graph shows that Ethereum has recorded a unique shaking model in recent years, followed by explosive increases. In this context, a shaking refers to a sudden drop in the price of a cryptocurrency which obliges low players on the market to sell their assets before the The price is reversed and increases upwards.
In his price table, Ethereum has experienced a Final Shakeout Around 2020, during the previous Haussier market. This substantial drop was followed by a significant increase in prices in 2021, marking New Aths for Eth. At the time, the cryptocurrency had soared 1,310.6%, recording one of its most important price increases.
The current price is about $ 2,637, knowing a shaking similar to that in 2020. While other altcoins have rallied in recent months, the Ethereum price Fight with volatility and stagnation.
This downward trend or shaking it led to significant sales by investors. If history is an indication, Kiu_coin believes that once Ethereum concludes this stage of decline and that weak hands are removed from the market, cryptocurrency could feel a Haussier escape to new heights.
Update of ETH PRICE analysis
The Expert TradingView provides for an upward movement towards the price target of $ 17,000. This would represent an increase of 732% for Ethereum in the next 217 days, seven months from the analysis. Support levels About $ 2,173 and $ 2,069 were also marked on the graph, which represents the price levels that could prevent a new drop in the ETH.
As mentioned above, the Ethereum Prize was on a downward trendNot meeting market expectations because its value drops regularly below the $ 3,000 mark. While others Altcoins have recorded year increasesCoinmarketcap data show that the Ethereum price has only increased by 5% since the start of the year.
Related reading
In the last month, cryptocurrency experienced an 18.5% Price due to market volatility and the sudden drop in Bitcoin value. Although the ETH has trouble recovering from lowering trends, its 24 -hour negotiation volume of $ 19 billion increased by 20.9%.
Adobe Stock star image, tradingView.com graphic
