Este artículo también está disponible en español.
A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22% decline in the price of Ethereum in the past seven days and a continued increase in the Bitcoin dominance.
Analyst Says Ethereum Will Outperform Bitcoin
Ethereum has mostly lagged behind Bitcoin in price performance since the current market cycle began, struggling to gain momentum above the $3,000 mark since July. Ethereum bulls have faced challenges in attracting significant inflows, which has kept the price below key levels while Bitcoin has surged.
Related Reading
Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737. Solana has also found its way above $170 again and could continue on the momentum to break above its yearly high of $202.
However, despite Ethereum’s underperformance relative to these two crypto heavyweights, crypto analyst @IamCryptoWolf believes the trend is going to reverse in the second half of the cycle.
The analyst provided his Ethereum outlook in reference to its price movements on the 3-day candlestick chart. The chart shows Ethereum rebounding off the bottom trendline of an ascending triangle, indicating the potential for an upward move. Consequently, the analyst projected a full breakout of multiple price resistances when the momentum finally rolls into Ethereum.
Should this breakout occur, @IamCryptoWolf predicts Ethereum will surpass Bitcoin and Solana in performance during the second half of this bull cycle. He further noted a price target range for Ethereum’s surge, placing the lower boundary at $8,428, with a high-end target reaching up to $12,000. This projected breakout has sparked renewed interest in Ethereum’s ability to regain a leading position, especially among investors who are still waiting for an altcoin rally phase led by Ethereum.
What’s Next For ETH?
At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours. This sort of performance has left many ETH investors feeling uncertain about the asset’s near-term outlook. According to data from IntoTheBlock, about 51.40% of addresses that bought in between $2,106.27 and $2,855.96 are in losses, not to talk of those that bought above $2,855.96.
Related Reading
Interestingly, @IamCryptoWolf addressed this trend among ETH investors in another post on social media platform X. Here, he highlighted that Ethereum is still bullish despite the underperformance. The analyst explained that Ethereum’s current price movement appears to be forming either an inverted head and shoulders or an ascending triangle pattern on the charts, both of which are traditionally seen as bullish formations in technical analysis.
Featured image created with Dall.E, chart from Tradingview.com
Este artículo también está disponible en español.
A top crypto analyst has issued a bold prediction for Ethereum, forecasting it will outperform both Bitcoin and Solana in the coming months. Taking to social media platform X, a crypto analyst known pseudonymously as @IamCryptoWolf highlighted that Ethereum is still bullish, with price targets reaching up to $12,000. This analysis comes in light of a 6.22% decline in the price of Ethereum in the past seven days and a continued increase in the Bitcoin dominance.
Analyst Says Ethereum Will Outperform Bitcoin
Ethereum has mostly lagged behind Bitcoin in price performance since the current market cycle began, struggling to gain momentum above the $3,000 mark since July. Ethereum bulls have faced challenges in attracting significant inflows, which has kept the price below key levels while Bitcoin has surged.
Related Reading
Bitcoin recently climbed back above $67,000 and is now approaching its yearly high of $73,737. Solana has also found its way above $170 again and could continue on the momentum to break above its yearly high of $202.
However, despite Ethereum’s underperformance relative to these two crypto heavyweights, crypto analyst @IamCryptoWolf believes the trend is going to reverse in the second half of the cycle.
The analyst provided his Ethereum outlook in reference to its price movements on the 3-day candlestick chart. The chart shows Ethereum rebounding off the bottom trendline of an ascending triangle, indicating the potential for an upward move. Consequently, the analyst projected a full breakout of multiple price resistances when the momentum finally rolls into Ethereum.
Should this breakout occur, @IamCryptoWolf predicts Ethereum will surpass Bitcoin and Solana in performance during the second half of this bull cycle. He further noted a price target range for Ethereum’s surge, placing the lower boundary at $8,428, with a high-end target reaching up to $12,000. This projected breakout has sparked renewed interest in Ethereum’s ability to regain a leading position, especially among investors who are still waiting for an altcoin rally phase led by Ethereum.
What’s Next For ETH?
At the time of writing, Ethereum is trading at $2,472, having lost about 3% of its value in the past 24 hours. This sort of performance has left many ETH investors feeling uncertain about the asset’s near-term outlook. According to data from IntoTheBlock, about 51.40% of addresses that bought in between $2,106.27 and $2,855.96 are in losses, not to talk of those that bought above $2,855.96.
Related Reading
Interestingly, @IamCryptoWolf addressed this trend among ETH investors in another post on social media platform X. Here, he highlighted that Ethereum is still bullish despite the underperformance. The analyst explained that Ethereum’s current price movement appears to be forming either an inverted head and shoulders or an ascending triangle pattern on the charts, both of which are traditionally seen as bullish formations in technical analysis.
Featured image created with Dall.E, chart from Tradingview.com
Lois Sasson very informative articles or reviews at this time.
I used to be more than happy to search out this internet-site.I needed to thanks on your time for this wonderful read!! I positively having fun with every little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.
Great post. I am facing a couple of these problems.
buy generic clomid price get cheap clomiphene without a prescription where to buy generic clomid price where to buy clomiphene without dr prescription generic clomiphene walmart clomid costo buy generic clomiphene without prescription
More posts like this would prosper the blogosphere more useful.
Greetings! Extremely useful suggestion within this article! It’s the petty changes which choice obtain the largest changes. Thanks a portion in the direction of sharing!
buy zithromax 500mg online cheap – buy generic ofloxacin online flagyl over the counter
order rybelsus generic – rybelsus pill buy periactin 4 mg generic
motilium 10mg ca – order sumycin sale cheap cyclobenzaprine
brand inderal 10mg – buy inderal 20mg sale buy methotrexate generic
amoxil order online – amoxil price buy ipratropium 100 mcg online
buy azithromycin 500mg sale – order generic nebivolol 5mg order nebivolol generic
buy amoxiclav sale – atbioinfo cheap ampicillin
buy esomeprazole 40mg pill – https://anexamate.com/ nexium 40mg pill
buy medex pills for sale – https://coumamide.com/ buy generic losartan for sale
You have brought up a very wonderful points, appreciate it for the post.
mobic pills – https://moboxsin.com/ brand mobic 15mg
deltasone 40mg us – https://apreplson.com/ purchase deltasone pill
erection pills viagra online – fast ed to take online ed pills
brand amoxil – https://combamoxi.com/ where can i buy amoxicillin
buy fluconazole 200mg online cheap – fluconazole 200mg ca diflucan 200mg generic
cenforce 50mg pills – fast cenforce rs cenforce 50mg pills