Price Analysis

Ethereum Price May To Resume Bull Run Soon, May Hit $3000 in July

Highlights

    Ethereum price surpassed $2000 levels in the early trading hours and manifested a possible bull run awaiting ahead

    On the other hand, ETH gas fees fall to lower levels as the congestion on the network eases amid the cool and calm market

Ethereum price had lost the plot in the past few days as the attempts to hold above $2000 failed multiple time. However, the ETH price smashed the levels successfully in the early trading hours and could also provide a good buying opportunity in the coming days.

The ETH price currently trading around $2149 could experience a slight pullback yet again below $2000. And hence offer yet another buying opportunity before a massive leg up towards the set target of around $3000. According to an analyst ForecastCity_ME, the price may plunge around $1900.

ethprice

The analyst has provided the various target price for the ETH price, where-in the final target is around $2894. And hence advised the traders to set orders based on the price action and expect to reach short-term targets.

Also Read: Ethereum Price Q2 Journey Hit New Lows, Will ETH Price Pull a Bullish Narrative?

The targets set yet appears to consume more efforts, as a correction may also be on the cards. A strong resistance zone is placed between $2157 and $2266. However, analyst, Micheal de van Poppe expects the price to dip to strong support levels. 

Collectively, unlike the Bitcoin price rally, Ethereum price is expected to undergo a slight retracement and offer yet another buying opportunity. However, the target for the ETH price still remains above $3000 for the year.

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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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