Listen, interesting news has arrived from the crypto party: a well-known trader under the nickname Pentoshi, who is followed by almost 900 thousand people, said that Ethereum (ETH) is about to shoot up. He says that the coin is approaching an important mark — first $ 2,800, and then, possibly, $3,300. And although he did not give specific dates, he sounds pretty confident.
According to the trader, ETH is now showing a good technical signal — it has held on to a key level on the senior timeframes and has strayed from the 200-day moving average. This is usually seen as a strong sign of an uptrend. Pentoshi believes that corrections at this point are a great opportunity to enter. That is, if ETH is sinking a little, it may not be a reason to panic, but rather a chance to buy cheaper before rising.
Earlier in the week, he had already predicted the $2,800 level as the first target. Ethereum has not reached it yet, but it was already getting close — the price reached $ 2,700. The coin is currently trading at $2,533, which is slightly below its peaks, and has even fallen by about 3.5% over the past 24 hours. But given the overall positive background, the trader still considers growth quite likely.
Of course, all this is not financial advice, but the opinion of an experienced market participant, who, nevertheless, is followed by hundreds of thousands of people. And his previous predictions often came true.
That's what I'm thinking.:
If Ethereum is really ready for such a move, shouldn't we take a closer look at the market now and decide whether we are watching or participating?
