Why Analysts Believe Ethereum Can Reach $15,000 This Cycle
Ethereum is trading just above $2,330, a price that, on the monthly chart, is sitting just above within a long accumulation zone. However, recent market dynamics show that Ethereum is destined for far higher prices than $2,300 this cycle, and this is not only about traders waiting for another rotation into ETH. The outlook is that the Ethereum price will cross above $10,000 this cycle based on factors that are turning Ethereum into a base layer for regulated on-chain markets. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank Wall Street To Push....
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The Ethereum price is drawing attention to its potential future outlook, as a crypto pundit points to a striking resemblance between the altcoin’s price action and Bitcoin’s during the 2015-2017 bull cycle. The analyst’s technical chart analysis suggests that ETH is destined for a breakout to $10,000 this cycle, marking new all-time highs. Ethereum Price […]
Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result....
According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
Ethereum is actually outperforming Bitcoin in 2020. The price of the leading cryptocurrency is up to $460 as of this article’s writing, but peaked at even higher levels in the summer. Even after this rally, the coin remains far below its all-time high price of $1,450, set in the peak of the bubble in early 2018. Analysts think that Ethereum could surge past that all-time high in this cycle, though. Ethereum Has Room to Rally, […]
Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing. However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically....