The price of Ethereum once again takes a rush and looks like achieving novel ups. Kryptowalus analyst Dr. Profit commented on how Altcoin broke through the key movable average (ma). Meanwhile, ETH domination It grows again.
The price of Ethereum will break 50EM on a weekly chart
IN X PostDoctor Profit said that after 9 weeks of constant rejection to EMA50 on a weekly chart, the price of Ethereum eventually broke. He claimed that this was a very good sign because he suggests that ETH would achieve higher goals in the coming weeks. The break above 2600 EMA50 appeared as The wider cryptographic market has gathered.
This rally led the price of Bitcoin, which reached novel ups of all time (ATHS). Based on price ethereum It is expected to reach novel ups, and annually in the amount of USD 3,600 in sight. Recovering this level can also pave the ETH path to recover the psychological level of USD 4000.
Meanwhile, a cryptographic analyst Rekt Capital mentioned to the growing domination of the price of Ethereum. He noticed that this fractal domination of ETH will not be a version of copying what happened in 2019-2020. However, the analyst claimed that a recent enhance of up to 10% z domination level It shows that Ethereum wants to become more dominant on the market in the coming months.
Arthur Hayes, co -founder of Bitmex, also believes that the time has come for the price of Ethereum to make his move. IN X PostHe predicted that Altcoin could reach up to USD 10,000 for this upward trend. He made this forecast, emphasizing the ETH chart against its BTC pair, suggesting that he was also correct Ethereum domination It will enhance in the coming months.
ETH Moving to trigger the Altcoin season
IN X PostMikybull Crypto cryptographic analyst stated that the price of Ethereum is in line with the Wyckoff re -accumulation scheme. In addition, he noticed that this huge movement would cause Altcoin season After reaching ETH at the “SOS” level about $ 3,000. His accompanying table also showed that he expected Ethereum to reach up to USD 3200 in a low period.
In another X PostMikybull Crypto mentioned that Domination of Bitcoin He even dropped with the enhance in the price of BTC. The analyst noticed that this development means something, indicating the potential Altcoin season on the horizon. This is stubborn at the price of Ethereum and other Altcoins, because during this period they would exceed BTC. It is worth mentioning Mikybull Crypto also predicted This ETH can reach USD 10,000 in this market cycle.
At the time of writing this text, the price of Ethereum is about USD 2,988, which is an enhance of over 7% data with coinmarketcap.
A distinguished painting from Istock, chart from tradingview.com
