Ethereum has been dipping lately, but a market expert thinks this is about to change dramatically.
A Big Breakout
Captain Faibik, a market expert, says Ethereum just broke out of a huge triangle pattern on its chart. This pattern has been forming for over two years! This breakout is a big deal, suggesting a shift in market momentum and a potential massive price surge.
Faibik believes this marks the start of a major Ethereum bull run, predicting a price increase that could take ETH to a new all-time high. He’s even setting a mid-target price of $10,000! He points to technical indicators showing strong bullish signals, suggesting the groundwork is laid for further price increases. He advises investors to hold onto their ETH despite recent volatility.
Ethereum vs. Bitcoin: Nothing to Worry About?
While Ethereum’s price has dropped recently (over 2% in the last day, impacting market cap and trading volume), another expert, Crypto Jelle, says there’s no need to panic. He points out that in previous cycles, Ethereum’s big price gains followed Bitcoin’s. Since Bitcoin is currently outperforming Ethereum, Jelle thinks a similar pattern is likely to repeat, with Ethereum following suit with significant gains. At the time of writing, ETH was trading around $3,656.
