Price Analysis

Ethereum(ETH) Price May Hit Above $2000 By September End! Here’s the Next Strategy

Author: Sahana Vibhute

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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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Highlights
  • The Ethereum price is displaying some strength as it has regained the value above $1500 in a very short timeframe

  • While many technicals point towards a notable upswing ahead, the erratic behavior of the price is contributing to excessive skepticism in the space

This is an important time for Ethereum as the final phase of the merger will begin on September 06, and it is believed that the ETH price may surge with decent margins as the market sentiments for the asset are coiling up. 

While many believe the present upswing is nothing but a short squeeze that will eventually result in a huge price drop ahead. However, squashing the bearish trajectory, a popular analyst, Michael Van De Poppe, believes the ETH price may hit $2200 post the Merger. 

The analyst says that the market sentiments are turning positive as participants are awaiting the merger and expect the event to uplift the crypto space from bearish captivity. There are a couple of situations that may arise for the asset ahead.

The asset, amid the current upswing, may continue to rise high and hit $1600. It could even drop heavily to hit $600. The grey area is that could maintain a slight upswing towards $1770 and further plunge heavily after experiencing a notable rejection.

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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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