Ethereum Price to Set New 6-Month High: Crypto Analyst

Been telling you guys to buy $ETH after the bottom reversal – we started at $131 and it’s almost $180. If you believe the $BTC halving is not priced in like I do and that #Bitcoin is going to have a very bullish year, then you can be certain that #Ethereum will follow along. Raising my #Ethereum target to $335

Satoshi Flipper also provided his reasons for giving this forecast. Basically, he expects that Bitcoin will soon skyrocket and that it will take the entire crypto market with it. And, with Ethereum being the second-largest coin, it will definitely be among the first to follow. Here’s what we’re looking at with $ETH on LTF. Important support level here. If $BTC closes above 8600 today, #Ethereum will see a nice bounce here. Why is everyone so bullish on Bitcoin? Naturally, this assumption makes sense. After all, Bitcoin is currently approaching its third block reward halving, which is scheduled to take place in May. Historically, this should be an extremely bullish event for the coin, which is why many have predicted that BTC is likely to exceed $33,000 by late June. However, that is still not all, as Bitcoin is also expected to have a soft fork before the year ends. The fork should improve multiple aspects of the project, including its efficiency, privacy, and flexibility. The upgrade is also expected to improve the coin’s adoption, and it stands as yet another positive influence on the coin’s future price. This positive impact is expected to transfer to the rest of the market, and indeed, many would say that it already has. Numerous altcoins are joining a rally right now, despite the fact that BTC is the only coin that will really benefit from these two events. Do you think that Satoshi Flipper’s predictions will come true? Let us know in the comments below.

Image via Shutterstock, Twitter @SatoshiFlipper The post appeared first on Bitcoinist.com.

source: https://bitcoinist.com/ethereum-price-to-set-new-6-month-high-crypto-analyst/

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