A crypto analyst believes that Ethereum (ETH) is about to enter a bullish rally, following a similar breakout pattern seen in the 2017-2018 cycle. The analyst suggests that ETH could reach a new price target above $20,000, and another analyst predicts a rally to $10,000 or $15,000 during the current bull cycle. Historically, Ethereum tends to pump after Bitcoin enters a price discovery phase, indicating that BTC leads the market cycles. The analysts recommend accumulating ETH tokens, with a prime entry point in December 2024, as they anticipate significant price growth in early 2025.
- Content Editor ( newsbtc.com )
- 2024-11-28
Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000