ETH reclaims bullish price range at $3,800 and trades around the same area.
Silver-tongued analyst reveals what’s next for Ethereum.
Analysts expect cycle top prices for ETH between $15,000 - $20,000.
While the pioneer cryptocurrency Bitcoin (BTC) continues to trade in the $118,000 price range, the price of the pioneer altcoin asset is reclaiming higher prices, the most recent being the $3,800 price range. As ETH reclaims bullish price range at $3,800, a reputed analyst known for his silver-tongued predictions reveals what to expect next for the price of Ethereum (ETH).
ETH Reclaims Bullish Price Range at $3,800
The price of ETH has been steadily rising this Q3, since BTC set a new ATH at the $123,000 price range. Analysts have concluded that altseason was delayed by a few quarters this bull cycle and waited till the market was healthy enough to support a bullish price pump for the altcoin market. When BTC corrected in Q1, the price of ETH bottomed at $1,700 and went on to reclaim higher targets from $2,700 to $3,800 now.
https://twitter.com/DrProfitCrypto/status/1947035930419716200
A reputed analyst known for his many silver-tongued predictions, Doctor Profit, draws the crypto community to a bullish ETH report he released in February. He then goes on to breakdown the many reasons behind his incredibly bullish stance on ETH this bull cycle. He declares that despite ETH reclaiming the $3,800 price range, the main bullish pump for Ethereum has yet to begin.
https://twitter.com/DrProfitCrypto/status/1893996574357025105
As we can see from the earlier ETH report, the analyst confirmed that ETH is the best opportunity in the crypto market, saying that the pioneer altcoins showed multiple bullish indicators on their price chart, including technical, psychological, and on-chain signals. The analyst then goes on to share the many bullish indicators highlighting strong high-timeframe signals on the ETH price chart.
Analyst Reveals What’s Next for Ethereum
The first indicator comes from the 200-week EMA, while the second comes from the multi-year ascending channel. These indicators expect ETH to break the $4,000 price range soon, which will trigger greater price pumps for the pioneer altcoin asset. The next is the weekly ascending triangle, which the analyst calls one of the strongest patterns for the price of ETH to claim higher targets.
Finally, the analyst talks about the fact that tons of liquidity lie in the $4,000 price region, meaning that once ETH reclaim this target, a massive amount of value will flow to ETH, driving the price even higher. In conclusion, the analyst is highly bullish on the price of ETH and is eager to see the asset reclaim its previous ATH soon at the $4,800 price range and shoot for much higher ATH targets in the months ahead.
