Analysts gave forecasts for Ethereum

Against the backdrop of Bitcoin’s drawdown, the second Ethereum Cryptocurrency has begun to rise in price. Many participants in the crypto community believe that such behavior of ETH confirms the onset of altsyzon.

Gathered in one review notes of crypto -investors about Ethereum and munmy forecasts. We tell you what the market participants expect from ETH.

After updating the absolute maximum on July 14, Bitcoin went into correction. While the BTC was weak and lost the level of dominance in the market, ETH slowly began to grow.

Lookonchain analysts drew attention to the fact that institutional investors began to actively buy ETH. The interest of whales in Ethereum could become the main driving force of the growth of the cryptocurrency course.

Many participants in the crypto community are sure that such an ETH confirms the beginning of altsyzone. The theory is shared by the crypto -investor Ted Pillow, the cryptobloger of Carl Moon, the cryptotraider Ash Crypto and others.

Analyst Michael Van de Poppe emphasized that such market movements are often fixed before the start of the altsyzone. He was supported by analyst Lark Davis. He believes that the figure of ETH shows the figure of Texanalysis “Bull Flag”. A breakthrough of its upper face can open the coin to the continuation of growth.

An analyst Tom Lee joined the optimists. In his opinion, the cryptocurrency course pushed away from a minimum near $ 1,385 and is now ready to continue growth. He noted that despite the already realized positive dynamics, cryptocurrency is still cheaper than a year ago at the same time.

There are also negative cryptans. Some crypto -investors pay attention to the fact that the small growth of ETH did not manage to cover the parts of the losses through which the coin passed in the previous months. Therefore, as critics believe, it is too early to talk about the parabolic growth of Ethereum.

Be in the know! Subscribe to Telegram.