A popular crypto analyst thinks Ethereum (ETH) is about to hit rock bottom and then skyrocket.
Ethereum’s Dip is Just a Correction
The analyst, who goes by the name Bluntz, uses something called the Elliott Wave theory to predict market movements. He says Ethereum is in a correction phase right now, but it’s about to end.
“Ethereum’s been dipping, but I think it’s going to turn around soon,” Bluntz said. “It needs to hit a low point, then it’ll bounce back.”
Big Gains on the Horizon
Bluntz predicts that Ethereum will first reach a new all-time high of $6,000, then dip again before finally hitting a peak of $8,000.
“I think Ethereum’s big run is coming,” Bluntz said. “It’s just a matter of time.”
The ETH ETF is the Key
Bluntz believes the launch of an Ethereum ETF is going to be the catalyst for this big run.
“Everyone’s talking about the ETH ETF,” he said. “It’s going to be huge news for Ethereum.”
Don’t Get Caught Off Guard
Bluntz warns that Ethereum might dip even further before it starts its climb.
“It’s going to drop first, then everyone’s going to buy in,” he said. “So be ready for a big bounce.”
Disclaimer:
This is just one analyst’s opinion. Do your own research before investing in any cryptocurrency. /p>
