‼️‼️‼️From $1,700 to $6,000: a tech analyst outlined the trajectory of Ethereum’s price movement📊
If the second-largest cryptocurrency holds above $2,500, the price could “rebound to $4,000 or even $6,000,” said expert Ali Martinez.
On the other hand, if the $2,500 level fails, the next target will be $1,700, the tech analyst is sure.
In his opinion, it is not so important whether the asset is inflationary or deflationary. The key question is whether the above level, where 12.18 million wallets purchased ~63 million ETH, will hold.
According to Martinez’s observations, capital continues to flow from Bitcoin and Ethereum to stablecoins.
At the time of writing, the weighted average price of ether is around $2,844. The asset has gained 3.13% in the last 24 hours, but has fallen 11.6% in the past seven days.
