According to trading expert TradingShot's analysis, Ethereum (ETH) may be following a similar trajectory to Bitcoin's past bull run and could reach a new record high. The analysis suggests that Ethereum is currently in the early stages of a bull cycle, similar to Bitcoin's 2014-2017 run. The analysis outlines a possible path for Ethereum, with key milestones including a bottom formation, rally supported by moving averages, and a bullish crossover. If Ethereum reaches the 2.382 Fibonacci level, it could surpass $50,000 in price and have a market capitalization of over $6 trillion. However, other experts warn of a potential crash towards the $3,000 level, with Ethereum's price trajectory closely tied to Bitcoin's movements. At present, Ethereum is trading at around $3,609 with a slight daily gain, and the $3,600 resistance level will be crucial in determining further bullish sentiment.



Other News from Today