A prominent trader, Pentoshi, with nearly 900,000 followers, predicts Ethereum ($ETH ) is poised for a significant price surge. He believes ETH will reach $2,800 and potentially $3,300, citing a strong technical signal.
Key Points:
- Technical Signal: $ETH has held a key level on senior timeframes and deviated from the 200-day moving average, indicating a potential uptrend.
- Correction Opportunities: Pentoshi views corrections as chances to enter the market before the anticipated rise.
- Previous Predictions: The trader had earlier predicted the $2,800 level as the first target, with ETH reaching $2,700 before slightly falling back.
Current Market Situation:
#Ethereum is currently trading at $2,533, slightly below its recent peaks, with a 3.5% drop over the past 24 hours.
Expert Opinion:
While not financial advice, Pentoshi's opinion carries weight given his experience and large following. His previous predictions have often been accurate, making his ETH forecast noteworthy.
What's Next?
The predicted price surge makes this an opportune time to reassess the market. Will Ethereum's price shoot up as predicted? Only time will tell, but for now, all eyes are on ETH.