ETH rally just getting started according to several reputed analysts.
One claims 15% gains in market dominance by Ethereum in the coming months ahead.
ETH price will first reclaim $3,300 to $3,600 price target before hitting higher prices.
The price of Bitcoin setting a new ATH in the $123,00 range has spurred pump sentiments for altcoins as well. During BTC’s pump, the price of ETH finally shot past the $3,000 price mark, and analysts believe that the ETH rally is just getting started. In fact, one analyst claims 15% market dominance by Ethereum in the coming months as ETH continues to consolidate.
ETH Rally Just Getting Started
The pioneer cryptocurrency Bitcoin (BTC) pumped from $112,000 to $123,000 in under 2 days, taking with it the prices of altcoins as well. Despite the smaller price pump of the pioneer altcoins Ethereum (ETH) going from $2,700 to just above $3,000, the price of ETH happened to outperform Bitcoin in terms of the percentage the asset pumped over BTC. This led to even greater bullish expectations for ETH.
Presently, the price of BTC has retraced back to the $117,000 pric erange where it is trading at a much lower price than its current ATH price. However, the price of ETH hasn’t retraced much, trading just below the $3,000 price range, once again showing its superior prowess over Bitcoin. If ETH continues to outperform BTC, the next ATH price of ETH could arrive a lot sooner than expected.
https://twitter.com/TedPillows/status/1944792231715418190
As we can see from the post above, one reputed crypto analyst and ETH enthusiast says that the ETH rally is only just getting started. He goin on to chare two charts and explains how much more ETH price can go up by. As the post states, the analyst says that COIN is still heading higher, which means the Ethereum rally won't stop. Thus, he expects $3,500 ETH target this month and $4,000 ETH target within Q3.
ETH Prepares for Market Dominance
https://twitter.com/CryptoYoddha/status/1944823413123797347
From there, pump sentiments for Ethereum are only growing steadily stronger. As we can see from the post above, this reputed analyst claims that ETH will gain 15% market dominance in the coming months, and goes on to share an ETH Dominance chart to support his claim. Based on the image, there seems to be an incoming dominance shift; perhaps ETH and altcoins will take over soon.
https://twitter.com/IncomeSharks/status/1944840199898603568
Finally, another reputed ETH enthusiast and crypto educator says that ETH will consolidate, form a new support, and then go on to hit much higher targets soon. He then confirms that this is the most bullish way to go higher, not a giant candle like some expect. Responses to the post echo his patient sentiments, with traders setting the next pump targets for ETH between $3,300 and $3,600.
