As a seasoned analyst with over two decades of experience in the financial markets, I have seen my fair share of bull runs and bear markets. However, the recent developments in the Ether market have caught my attention, and I find myself intrigued by the potential for substantial growth.
As a crypto investor, I’ve noticed that Ether’s price seems to be undergoing significant shifts, suggesting a major price movement could be imminent. Some crypto analysts even predict that it might challenge its previous all-time high within the coming week.
As a crypto investor, I’m excited to share some intriguing insights I picked up from Ryan Adams’ recent post on Dec 9th. He mentioned that the possibility of Ether (ETH) setting a new all-time high within the coming week isn’t far-fetched. Currently, its all-time high stands at $4,878, a level it has maintained since November 2021. This means there could be some significant price movements ahead for Ether!
Ether traders to closely watch seven day timeline
To achieve its present peak within the next seven days, Ethereum (ETH) needs to see a substantial increase of approximately 24% from its current price of $3,946, as suggested by data from CoinMarketCap.
In a recent message to his 830,900 followers on December 9th, the anonymous crypto trader known as Pentoshi expressed that Ether is undergoing significant structural adjustments and experiencing a steady influx of substantial ETF investments.
In simpler terms, Pentoshi pointed out that the value of Ether reached its highest weekly closing point this year, much like what Adams had said earlier. They both think it’s possible that Ether might reach a new all-time high even sooner than some traders are expecting.
Pentoshi stated that the path ahead seems fairly smooth up to the ATH, making it a strong attraction point. Beyond that level, conditions appear clear and unobstructed,” (ATH being an acronym for All-Time High in this context).
Anonymously trading cryptocurrencies, Poseidon foresees potential substantial profits that may catch the attention of Ethereum market players unaware.
Ether recently touched $4K for the first time in 9 months
According to Poseidon’s recent post on December 9th, ETH is likely to surge out of its four-year price range, moving significantly upward. This anticipated growth could exceed even the most pessimistic expectations.
Just a few days ago, Ether surpassed the $4,000 price mark for the first time since March 2024.
Experts are indicating that the underachievement of Ether compared to Bitcoin might soon change.
According to Benjamin Cowen, founder of In The Cryptoverse, he believes that the decline in ETH/BTC is either coming to an end or very close to it, and it may increase further over the next 6 to 12 months.
Read More
- ZIG PREDICTION. ZIG cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- TNSR PREDICTION. TNSR cryptocurrency
- XAUT PREDICTION. XAUT cryptocurrency
- HOOK PREDICTION. HOOK cryptocurrency
- The Masked Singer Christmas special line-up – who are the characters?
- FXS PREDICTION. FXS cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- GRT PREDICTION. GRT cryptocurrency
- POL PREDICTION. POL cryptocurrency
2024-12-09 09:28