Leading cryptocurrency Bitcoin (BTC) It suddenly rose to the level of $ 55,500, creating an unprecedented excitement in the crypto money market, and this rise, which came when everyone was waiting for a decline, turned the eyes to other cryptocurrencies.
Despite the significant rise of BTC, Ethereum, which is relatively stable, can catch an incredible increase if history repeats itself.
Ethereum Possible Rise
Ethereum The main thing that indicates that it can catch such a rise is fractals.
Fractals, which are very useful for determining the turning points in the market, are currently giving the signals before the bull season experienced by Ethereum in 2017.
ETH price had increased by 7,000% in 2017, when 3 other indicators in addition to this indicator gave signals.
Famous analyst Jaydee_757 was the first person to mention the fractals in question in his chart published on Tradingview.
The analyst stated that the positive hammer formation on the Ethereum chart is clearly rising with the signal given by the monthly RSI indicator of ETH. The analyst thinks that the RSI could go as high as 94 and the price could rise up to this point.
Ethereum’s current 7,000% rise means the price has reached an incredible level of $245,000.
Although the 7000 percent rise is impossible for Ethereum at this stage, it is quite possible that the rises will come, especially as the interest in NFT increases and the market progresses positively. ETH, which is currently testing an important resistance at $3650, is expected to accelerate towards $4,000 again if it breaks this resistance.
