Katie Stockton of Fairlead Strategies says that Ethereum analysis offers a positive price outlook if investors stay above a key resistance level for the week ahead.
Stockton sees ETH rise 33% to $6,000
The second-largest cryptocurrency by market capitalization hit record highs on Tuesday, hitting almost 5% above $4,500 for the first time. According to Stockton, Ethereum (The gains could continue if ETH) marks the consecutive weekly close above the previous resistance at $4,384. This means that ETH price must close above $4,384 both this Friday and next Friday for Stockton’s prediction to be in play.
Fairlead Strategies analyst sees Ethereum rise 33% to $6,000 from current levels based on a measured projection of move price if it confirms its recent break above previous resistance. of Stockton cryptocoin.com This price target could come quickly for ETH as our analysis sees gains happening in the next 6 to 12 months.
First quarter of 2022 targeted for Ethereum
Stockton said in a recent Insider statement that price forecasts will be volatile and will last until the first half of 2022:
Of course, we don’t expect it to get there in a straight line, but a confirmed breakout would potentially support the uptrend in the first half of 2022.
Finally, if Ethereum does not confirm its recent breakout and falls, Stockton states that investors should look to potential support at $3,340, which represents a 26% potential downside from current levels.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!.
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.