Is Ethereum About to Achieve a Milestone Similar to Bitcoin in 2017?
Tom Lee, co-founder of Fundstrat and market expert, indicated that Ethereum could be about to experience a strong price increase, similar to what BTC experienced in 2017. At that time, the price of Bitcoin had increased more than 100 times because many people began to see it as 'digital gold'. Lee believes that the ETH 2017 moment of Bitcoin is approaching. But the question is, why does he think so? Behind the Bitcoin Moment of ETH in 2017: Price Increase Perspectives
Ethereum Ready to Explode – Target $5,000 in Sight After a Long Accumulation Phase
Ethereum is showing extremely positive signs as it prepares to exit the prolonged accumulation zone towards the important psychological threshold of $5,000; this is also the highest level reached in the history of the second-largest cryptocurrency in the market.
🚀 Strong Increase After Accumulation Phase
Some technical analysis experts believe that Ethereum is in a phase of reaccumulation before entering the next bull cycle. The first resistance that ETH needs to overcome is between $4,000 and $4,200; this is considered a short-term technical barrier. After surpassing this area, Ethereum will practically face no significant obstacles until the $4,800–$5,000 zone, opening up a great opportunity for a strong psychological breakout.