Although the pinnacle of the leading cryptocurrency Bitcoin (BTC) at $ 62,000 excites many crypto money investors, altcoins may be waiting for the real rise.
Leading analytics and research company Fundstrat’s His latest prediction was directly for Ethereum, the second largest cryptocurrency by total market cap.
$5,000 Possible for Ethereum
In the post published by Fundstrat, Ethereum It is stated that if everything goes smoothly, it can reach up to $ 4,900 soon.
It is stated that for Ethereum bulls to reach this, the $ 4,030 resistance must be broken. The following statements are included in the relevant report:
“It is expected that the peak points in September will be passed and the all-time record will be reached.”
Ether had risen to $ 4,000 on September 3 and had a life-or-death struggle here.
In the continuation of this, the price fell 33% in 3 weeks and was not expected. According to Fundstrat analysis, $4,050, followed by $4,356 and finally $4,800 is at the critical resistance position. According to Fundstrat experts, it is quite possible to break them.
In the news published by Bloomberg today, it was stated that the Bitcoin ETF will be approved soon, and the excitement in the market stems from this.
However, if the price rises and starts to move sideways with the news of the Bitcoin ETF, altcoins will also move.
When it comes to altcoins, the first thing that comes to mind is definitely Ethereum. As of the writing of this article, Ethereum is trading at $ 3,820 and is moving towards $ 4,000.