Three prominent crypto strategists are revealing their target price for Ethereum (ETH) after the leading smart contract platform broke out of a month-long consolidation.
As Ethereum prints a new all-time of $1,542, crypto analyst Michaël van de Poppe says the second-largest crypto asset may move higher, but suggests traders should wait for a correction before hopping on the bandwagon.
“We just had a very vertical move in which we made new higher highs. We’re looking for a new higher low before we can continue making a new impulse wave on Ethereum in general.”
While Van de Poppe believes that Ethereum can ascend to $1,700 in the short-term, he predicts ETH can surge over 557% from its current price of $1,520.
“Ethereum to $10,000 this market cycle.”
Trader Kaleo is also keeping a close watch on Ethereum. The crypto analyst tells his 57,200 followers that the smart contract protocol can skyrocket to $4,000 in March.
“ETH If you’re wondering what happens next.
Crypto strategist Smart Contracter is keeping a watchful eye on Ethereum as well. After the breakout, the trader expects ETH to soar over 30% in the coming days.
“ETH looks mega bullish here in my opinion. Clear running flat triangle on declining volume…
Solid 4h close for ETH here. Nice breakout on strong volume. $2,000+ next stop in my opinion.”
As for Ethereum’s on-chain performance, crypto analytics firm Santiment highlights that Ethereum’s growth is backed by robust fundamentals.
“Ethereum has made a new all-time high of ~$1,540 today and is +15% the past 24 hours!
To support this, our platform indicates that new ETH addresses are continuing to emerge at higher rates over time, generally a very bullish signal for crypto assets.”
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