EthereumPrice Analysis

Ethereum Price Prediction, ETH Can Hit $15000 In 6 Months, Yet Buying Opportunity Underway

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Highlights

    Ethereum Price maintains a constant uptrend despite multiple pumps and dumps in the past month

    The price rally tends to follow a similar rally that surged high to form a new ATH and hence, Ethereum price is also expected to form new highs soon

Ethereum price was queued for a gigantic correction which could have drained the price below $3000. But the fresh day trade kick-started with a bullish note but woefully followed a downtrend soon. However, the ETH price standing strong above $3000 manifest the huge bullish tendency of the asset to rally to its highs.

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Ethereum Price To Knock Buy Zone

The ETH price ranged high breaking the barriers at $2900 and achieving $3000 after a pretty long gap of 3 months. However, since then, the price swings within a narrow trend failing to break $3400 & sustain above $3070. And hence with a continued trend to hit the support levels of the ascending channel, ETH could also trend within a ‘Buy Zone’ very soon.

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The asset after visiting the support levels multiple times after it smashed $3000, bounced back effectively. And currently, the price could yet provide another opportunity for the traders to get in. As the current bounce could uplift the support levels above $3000, the upcoming uptrend could break the upper barriers too.

Also Read: Cardano(ADA) Price Losing The Grip, A Clear Path Close To $2.3 Is Visible

ETH Following BTC Price Rally

The Bitcoin price initiated its trade journey with a mere price of $10 or less and reached highs above $64,000. And hence, the Ethereum price is the second largest crypto is speculated to follow. If the ETH price follows the 2017-18 Bitcoin price rally, then it could possibly hit more than $10,000 in the coming 6 months.

Real Vision TV co-founder & a crypto proponent, Remi Tetot, marked the resemblance in both the rallies. And hence the founder believes the price could hit as high as $15,000 somewhere in March 2022. 

However, the Ethereum price rally could even advance faster than that of Bitcoin and hence the next bottom could be even higher than $3000. On the contrary, the bear market could also be similar to BTC but a rebound for ETH price is imminent. 

Also Read: XRP Price Analysis: A Breakout Above This level will Signal the Resumption of the Uptrend

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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