Ethereum Price is on the verge of reaching $3,300
A well-known cryptocurrency market analyst has predicted that the price of Ethereum is preparing for a major bullish move.
A prominent cryptocurrency market analyst has signaled a potentially significant bullish surge on the horizon for Ethereum. Pentoshi, a widely followed analyst on the social media platform X, has identified a key price level that could trigger a substantial upward trajectory.
According to Pentoshi's analysis, if Ethereum's price can successfully breach the $2,800 resistance area, it's poised for a rapid ascent towards the $3,300 mark. This suggests a considerable profit opportunity for investors if the breakout occurs as predicted.
Interestingly, Pentoshi had previously highlighted the $2,800 level as a likely short-term target for Ethereum. Furthermore, he advised his followers that any price dips or corrections leading up to this level should be viewed as favorable buying opportunities to capitalize on the anticipated upward momentum.
This suggests Pentoshi's confidence in Ethereum underlying strength and the likelihood of it reaching, and potentially surpassing, the $2,800 threshold.
Ethereum is currently trading at around $2,487, down 2.7% from the previous day.
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