A widely followed crypto analyst says that Ethereum (ETH) is gearing up for a massive swing to the upside.
In a new strategy session, pseudonymous crypto trader Pentoshi tells his 863,800 followers on the social media platform X that the second-largest digital asset by volume appears on its way to a $3,300 price tag, though no specific time frame was given.
“ETH. Getting closer for its move towards 28xx, flip that opens a potentially big move into $3,300. But first, let’s get there.”
Earlier this week, the trader predicted that the top altcoin would hit a price tag of $2,800 during its surge, noting that dips during this period would be optimal for buying.
“I wouldn’t sleep on ETH here either. It has had a nice reclaim at a key high-time frame (HTF) level as well as 200-day moving average. Price has been brought back up now, but still four hours out from the close yet. $2,800 is [in my opinion] highly likely in the short term. Dips [are] likely for buying for now.”
Ethereum has yet to reach Pentoshi’s prediction of $2,800 this cycle, though it got close and peaked around $2,700. ETH is trading for $2,577 at time of writing, a 3.5% decrease during the last 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
