As the market is bullish again, Ethereum has also taken positive steps. But can Ethereum reach $1,900? In this Pooyan Music post, we want to examine the possibility of Ethereum rising and reaching the price of $1,900.
Prominent crypto experts predict that the price of Ethereum shows a strong potential for price increases. These experts support their words by referring to promising technical indicators and market trends.
In an exciting turn of events, Ethereum (ETH) is looking to make a significant comeback. Ethereum is now targeting a price range between $1,800 and $1,900. This bullish outlook comes as Bitcoin (BTC) hits new price highs due to false reports of spot ETF confirmation. On the other hand, the altcoin market is showing signs of improvement.
Ethereum, the leading altcoin, is currently trading at $1,615 per token. But analysts are closely monitoring its growth potential. Leading expert Ali Martinez, a leading figure in cryptocurrency circles, has pointed out a compelling pattern on the three-day chart.
According to Martinez, Ethereum is on the verge of a comeback. Ethereum price action is breaking out of the ascending triangle shape. A close above the 18-day simple moving average (SMA) is crucial to confirm this prediction. Only with a strong anchor above this level, possibly marked by a daily candle, can ETH make a path for further growth.
The price range of $1,800-$1,900 per ETH is attracting considerable attention. This zone represents a 50-61.8% price correction from the long-term decline since mid-April, which is a textbook correction by market standards.
As Ethereum approaches these critical price levels, the market will gain more clarity on its future path. Observers predict that a break and consolidation above these key levels will provide the green light for further upside.