According to his calculations, ETH’s 1.618 Fibonacci extension projects a target zone between $7,700 and $8,000. Using the same approach for XRP, he places its 1.618 Fibonacci extension in the range of $27 to $31.

Egrag questioned why some technical analysts acknowledge ETH’s 1.618 Fibonacci target while rejecting the same projection for XRP. He emphasized that since both assets are measured using identical parameters, dismissing one while supporting the other reflects inconsistency and bias rather than objective technical reasoning.

#XRP & #ETH Patterns: Fib 1.618 Insights

Let’s take a closer look at the measured move from the 2018 high to the 2020 low:

#ETH's Fib 1.618 is around $7,700 – $8,000.
#XRP's Fib 1.618 is projected at $27 – $31.

It’s puzzling to see some TA analysts believe that #ETH… pic.twitter.com/N6o1HxOfUc

— EGRAG CRYPTO (@egragcrypto) August 24, 2025

Chart Observations and Market Structures

The charts shared by Egrag display both ETH and XRP on the weekly timeframe. The ETH chart marks the 2018 high and 2020 low, highlighting a head-and-shoulders formation that developed between 2021 and 2024.

Alongside the structural analysis, several Fibonacci levels are outlined, including the 1.414 level near $4,405, the 1.0 level around $1,413, and the 0.702 retracement zone close to $623. The 1.618 extension level, positioned near $7,714 to $8,401, is presented as the major upside projection.

For XRP, the chart shows a long consolidation pattern forming after the 2018 peak and the 2020 low. Within this structure, Egrag highlights the Fibonacci levels relevant to XRP’s potential future trajectory.

The 1.0 level is positioned at $3.52, the 1.414 extension at $15.23, and the 1.618 extension between $27 and $31. The 0.702 retracement level, identified at $1.22, is also noted as a key technical marker. These visual references support the claim that both assets, when analyzed through the same mathematical process, point to substantial long-term upside targets.

We are on X, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) June 15, 2025

Timing Considerations and Market Cycles

Egrag also addressed broader market cycles. He stated that he does not rule out the possibility of an extended cycle running into 2028, which could include a significant bear market phase in 2026.

He further suggested that a major local peak could form in the fourth quarter of 2025, indicating that while Fibonacci targets remain intact, the path to reaching them may include both rallies and corrective moves.

He contrasted his analysis with more aggressive projections from other commentators, some of whom claim ETH could reach between $15,000 and $20,000 within the next few months. Egrag’s stance focused instead on consistent technical measurement rather than speculative short-term forecasts.

He concluded with a message to the XRP community, encouraging holders to remain steady and focused as the outlined technical targets continue to unfold over the coming years.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post XRP and ETH Rally Patterns: Why Some Analysts Are Wrong about XRP and Ethereum appeared first on Times Tabloid.

At first glance, the image suggests a major breakdown is coming, emphasized by a double top formation, a bearish technical indicator, with a support line around 3,950.

However, closer inspection reveals a fundamental detail that alters the interpretation entirely. The price axis is inverted, with values increasing as they move downward. This reversal means the chart does not depict a collapse but rather the opposite, with a double bottom formation that could send ETH to a new all-time high.

$ETH EXIT PUMP COMPLETED.

THE BIGGEST CRASH HAS NOW STARTED pic.twitter.com/SpXv0Vp7h3

— Ash Crypto (@Ashcryptoreal) August 20, 2025

Analyzing the Inverted Chart

The orientation of a price axis is not a minor feature. It defines whether a move is upward or downward and transforms familiar chart patterns. With an inverted axis, a sequence resembling a double top is actually a double bottom.

The asset began forming that double bottom pattern in June 2024, and experienced a notable decline before rising with the rest of the market in late 2024. However, it encountered resistance and experienced an even steeper decline in 2025, falling to around $1,300, and getting outperformed by other top assets.

In this instance, the highlighted breakdown through the yellow horizontal level corresponds to a breakout above it under conventional charting standards. This difference matters because traders and observers often respond as much to visuals as they do to numbers.

In Ash Crypto’s chart, the dramatic arrow pointing lower intensifies the impression of collapse, yet the underlying numbers suggest a contrasting story once the chart is read correctly.

We are on X, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) June 15, 2025

Understanding the Data Correctly

The chart in question uses three-day candles, and its highlighted region near $3,950 appears to show support failing, yet when interpreted with the axis flipped back to a normal orientation, the same movement reflects strength. Ethereum is shown rising above that resistance zone, not losing support.

While some believed Ethereum would lose its spot at the top of the altcoin market, the sentiment has begun to shift. At the time of the analysis, ETH traded above the resistance line at $4,223, and predictions like these suggest the asset won’t dump easily.

Instead of beginning a steep decline, the sequence depicts a significant recovery relative to the earlier months on the chart. With ETH potentially on its way to a new all-time high, many experts have positioned themselves to capitalize on the upcoming surge.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst Says Ethereum (ETH) Biggest Crash Has Started. Here’s What It Means appeared first on Times Tabloid.

According to a recent analysis shared by prominent on-chain expert Ali on X, if Ethereum successfully breaches the psychological and technical barrier at $4,000, it could trigger a powerful rally toward $6,400. Ali describes this price point as a “magnet,” suggesting that once $4,000 is cleared, momentum and liquidity could swiftly accelerate ETH to this next major level.

The $4,000 Resistance: Why It Matters

Ethereum has been flirting with the $4,000 mark for several sessions. At the time of writing, ETH is trading around $3,909, just shy of this crucial threshold. The $4,000 level represents more than just a round number; it is a historically significant resistance zone that has previously marked local tops or points of strong rejection. Overcoming this barrier would signal a decisive shift in market sentiment, confirming that buyers are in control and willing to push valuations higher.

$6,400 becomes a magnet if Ethereum $ETH breaks $4,000! pic.twitter.com/e53iO4h3Xn

— Ali (@ali_charts) August 8, 2025

The psychological nature of $4,000 also makes it a battlefield for traders. Bulls see it as a breakout point with massive upside potential, while bears defend it to protect existing short positions. This tension has created heightened volatility, with ETH’s intraday range swinging between $3,805 and $3,952 in recent hours.

$6,400: A Technically Sound Target?

Ali’s projection of $6,400 is not arbitrary. It’s based on technical models and historical price action. In particular, this level aligns with projected Fibonacci extension levels that often act as magnets for price once major resistances are cleared. If ETH can gain sustained traction above $4,000, it would likely trigger short liquidations and attract breakout traders and institutions, rapidly pushing ETH toward this target.

The market has seen similar explosive moves in past cycles where key resistance levels were flipped into support, igniting euphoric surges. This time, the convergence of improving market sentiment, broader institutional interest, and Ethereum’s upcoming upgrades may provide the right backdrop for another significant rally.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Risks and Short-Term Scenarios

Despite the bullish outlook, Ethereum must close decisively above $4,000 with strong volume to validate the breakout. A failure to do so could result in a retracement toward $3,600 or lower, where the next significant support lies. Traders and investors should therefore approach the market with a balanced perspective, recognizing both the opportunity and the risk at hand.

The macroeconomic environment, as well as developments surrounding Ethereum ETFs and overall liquidity conditions, could also influence ETH’s ability to sustain a breakout. However, current market dynamics appear to favor the bulls, especially if momentum continues to build.

Outlook

Ethereum is on the verge of a potentially significant move. If Ali’s analysis plays out and ETH breaks above $4,000, the $6,400 level could soon come into focus as the next logical destination for price discovery. For now, all eyes remain on whether the bulls can finally push Ethereum past this major hurdle, setting the stage for what could be a historic rally.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Expert Says $6,400 Becomes a Magnet if Ethereum (ETH) Breaks This Big Hurdle appeared first on Times Tabloid.

ETH V-SHAPE RECOVERY IS HAPPENING.

STUDY 2020-21 CYCLE AND YOU'LL KNOW WHAT HAPPENS NEXT. pic.twitter.com/qEEocK1Nsx

— Ash Crypto (@Ashcryptoreal) May 18, 2025

Understanding the V-Shape Recovery 

A V-shape recovery typically refers to a sharp decline followed by a swift and sustained rebound, forming a ‘V’ pattern on the price chart. This formation indicates a strong and rapid recovery after a significant downturn.

In the context of Ethereum, this pattern emerged during the 2020-21 cycle, where ETH experienced a steep decline, marked as point ‘A’, before quickly recovering and surging to new highs at point ‘C’. The rally that followed saw ETH reach unprecedented price levels, establishing the recovery as one of the most iconic in crypto history.

According to Ash Crypto, Ethereum’s current price structure resembles the same V-shape pattern that was evident during the 2020-21 period. The chart shared in his post highlights two comparative phases: the 2020-21 cycle on the left and the ongoing cycle on the right.

In both instances, ETH experienced a drastic drop to point ‘A’, followed by a rebound towards point ‘B’, and ultimately skyrocketed to point ‘C’. The notable similarity between these cycles is the steep rebound phase, which Ash Crypto points to as evidence that ETH could be on the verge of a similar recovery.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Key Indicators Supporting the Thesis 

Examining technical indicators from the chart, it becomes evident that the structure of the current cycle mirrors the historical pattern. The rebound from point ‘A’ to point ‘B’ signifies renewed buying interest and accumulation, signaling that the bottom may have been established. Furthermore, the volume profile during these phases indicates heightened trading activity, often a precursor to a sustained bullish move.

Market Sentiment and Broader Implications

Market sentiment around Ethereum has been increasingly optimistic, bolstered by network upgrades and ongoing adoption. If Ash Crypto’s projection materializes, a strong V-shaped rally could not only restore investor confidence but also set the stage for new all-time highs. The historical correlation between past patterns and current movements lends credibility to the argument that ETH might witness a rapid recovery akin to the previous cycle.

The prospect of an ETH V-shape recovery, as analyzed by Ash Crypto, offers a compelling case for bullish sentiment among investors. While past performance is not a guaranteed predictor of future results, the striking similarities between the 2020-21 cycle and the current price structure cannot be overlooked. Investors and analysts alike are closely monitoring Ethereum, awaiting confirmation of this pattern to solidify the recovery narrative.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Ethereum (ETH) Recovery Is Happening, Major Breakout Imminent appeared first on Times Tabloid.

This technical pattern is often used by traders to anticipate potential trend reversals, particularly after sustained price declines. If history is any guide, Ethereum could be poised for a rebound that may surprise even seasoned investors.

#Ethereum $ETH may be gearing up for a major rebound, with the TD Sequential flashing a buy signal on the weekly chart! pic.twitter.com/CDxbCrrrzx

— Ali (@ali_charts) April 15, 2025

The TD Sequential Indicator: What It Signals

The TD Sequential is a popular timing-based technical indicator developed by Tom DeMark. It is designed to identify trend exhaustion and potential inflection points in both upward and downward markets. When the indicator flashes a “buy” signal on a higher time frame like the weekly chart, it typically suggests that selling pressure may be waning, and a bullish reversal is becoming more probable.

Ali’s post draws attention to this setup, highlighting that Ethereum’s weekly chart now exhibits this bullish signal. Past occurrences of this pattern, particularly on large timeframes, have often preceded strong upward movements. For ETH traders and holders, this could mark a critical point of renewed optimism.

Ethereum’s Recent Market Activity

Over the past few months, Ethereum has traded within a wide range, experiencing both sharp rallies and deep corrections. While macroeconomic uncertainties, regulatory challenges, and broader crypto market sentiment have all contributed to price volatility, Ethereum has continued to maintain its position as the second-largest cryptocurrency by market capitalization.

Despite this, ETH has underperformed relative to Bitcoin in recent months. Bitcoin’s dominance has climbed as the market prepares for its next halving cycle, while Ethereum has struggled to maintain upward momentum. Ali’s analysis suggests that this dynamic may soon shift.

Fundamental Tailwinds Supporting Ethereum

Beyond technical indicators, Ethereum is also benefiting from strong fundamentals. The ongoing evolution of the Ethereum network through upgrades such as Proto-Danksharding (EIP-4844) is setting the stage for significantly improved scalability and lower transaction costs. With Layer 2 solutions like Optimism and Arbitrum gaining adoption, the Ethereum ecosystem is seeing increased developer activity and DeFi growth.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Additionally, the prospect of a spot Ethereum ETF approval in the United States, following the precedent set by Bitcoin ETFs, continues to stir bullish sentiment among investors. Major asset managers have submitted filings, and although regulatory clarity remains pending, institutional interest in Ethereum remains high.

A Cautious but Hopeful Outlook

While the TD Sequential is a powerful signal, no technical indicator is foolproof. Market participants should still be mindful of macroeconomic trends, regulatory developments, and liquidity conditions, which can all influence ETH’s price trajectory.

Nonetheless, with a historically reliable indicator flashing green and Ethereum’s fundamentals continuing to improve, there is growing optimism that the current price range may represent an accumulation zone rather than a consolidation before further decline.

Ali’s analysis underscores a pivotal moment for Ethereum. The TD Sequential indicator’s buy signal on the weekly chart suggests a potential bullish reversal, and with favorable fundamentals underpinning the network’s long-term growth, ETH may be preparing for its next major move. As always, investors should approach the market with informed caution—but for now, Ethereum’s technical and structural setup looks more promising than it has in months.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Ethereum (ETH) Flashes Strong Buy Signal. Could a Major Rebound Be Imminent? appeared first on Times Tabloid.

#Ethereum $ETH has reclaimed key support at $1,574. If this demand zone holds, the next major resistance stands at $1,810! pic.twitter.com/WNzQV6xTPH

— Ali (@ali_charts) April 12, 2025

The Importance of the $1,574 Support

The $1,574 level has acted as a critical demand zone in previous trading sessions, where buyer interest typically outweighs selling pressure. Reclaiming it signals a potential shift in momentum back in favor of the bulls, especially after recent market volatility that threatened to push ETH below psychologically and technically significant thresholds.

In technical analysis, support levels like this are essential because they often determine whether a rally can resume or if further decline is inevitable. By bouncing from this zone, Ethereum demonstrates resilience, hinting at renewed accumulation by traders and investors expecting an upward move.

Eyes on the $1,810 Resistance

If this support zone remains intact, Ethereum’s next hurdle lies near the $1,810 resistance, a level that has historically served as both support and resistance in past market cycles. A breakout above this resistance could pave the way for further upside potential, possibly pushing ETH back into the $2,000 range if volume supports the move.

This resistance zone also coincides with structural highs that have previously capped Ethereum’s momentum. For the market to confidently flip bullish, Ethereum must not only test this level but also close decisively above it with strong buying volume, signaling confirmation of a bullish reversal.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Market Sentiment and On-Chain Activity

While technical levels offer crucial insight, broader market sentiment and on-chain metrics further shape Ethereum’s outlook. Recent upticks in active addresses, transaction volumes, and network participation suggest that interest in Ethereum remains strong, even amidst macro uncertainty and regulatory noise.

Additionally, with Ethereum’s role in decentralized finance (DeFi), NFTs, and layer-2 scaling solutions expanding steadily, the asset continues to be a central pillar in the digital economy. These fundamentals offer long-term bullish prospects, further strengthening the case for price recovery once resistance levels are overcome.

Ethereum’s recovery above the $1,574 support has been a welcome sign for traders eyeing a reversal. As Ali points out, holding this zone is pivotal to challenging the next key resistance at $1,810. While market participants should remain cautious of potential short-term fluctuations, the setup points toward a potentially stronger ETH in the days ahead, provided this support structure remains intact and broader market conditions remain favorable.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Ethereum Reclaims Key Support. Here’s the Next Resistance If This Demand Zone Holds appeared first on Times Tabloid.

Ethereum’s 8-Week Price Recap

• Week 1 (Jan 27 – Feb 2): ETH opened around $2,600 and climbed to $2,700, posting a 3.8% gain.
• Week 2 (Feb 3 – Feb 9): A slight pullback saw ETH close at $2,632, down 2.5%.
• Week 3 (Feb 10 – Feb 16): The price rebounded to $2,692, marking a 2.3% increase.
• Week 4 (Feb 17 – Feb 23): Continued bullish momentum pushed ETH to $2,764 (+3.9%).
• Week 5 (Feb 24 – Mar 2): A sharp correction sent ETH tumbling to $2,212 (-21.5%).
• Week 6 (Mar 3 – Mar 9): ETH remained volatile, closing at $2,200 after a 12.3% mid-week drop.
• Week 7 (Mar 10 – Mar 16): Further losses saw ETH decline to $1,910 (-5.3%).
• Week 8 (Mar 17 – Mar 23): Signs of recovery emerged as ETH rebounded to $1,979 (+4.9%).
• March 24: ETH is currently trading at $2,082, with an intraday high of $2,104 and a low of $1,981.

Where is ETH Headed This Week?

Ethereum (ETH) recent price recovery suggests growing buyer interest, but whether it sustains depends on key market factors.

Bullish Case: If ETH breaks above $2,100, it could test resistance at $2,200. A strong push past this level may lead to a retest of $2,300, with a potential move toward $2,400 if bullish momentum holds.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Bearish Case: If ETH fails to maintain $2,000, a pullback to $1,950 is likely. A break below this level could send prices toward $1,900, opening the door for further downside.

Ethereum (ETH) is at a turning point. If buyers continue to push the price upward, ETH could reclaim higher levels. However, failure to hold support may lead to renewed selling pressure. This week will be crucial in determining Ethereum (ETH) short-term trend.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and Google News

The post Ethereum (ETH) Price Action Update: 8 Weeks of Volatility and This Week Prediction appeared first on Times Tabloid.

The resilience in Ethereum (ETH) market price indicates that the coin is not necessarily affected by the crypto market fluctuations that saw other cryptocurrencies fall significantly in value. In addition, the stability in Ethereum’s market worth implies that the token got added to the watchlists of so many potential investors.

Read Also: Anon Ethereum Whale Shifts $154 Million in ETH with Less Than $4 as TXN Fee. Here’s the Destination

What Machine Learning Algorithm Says about Ethereum (ETH) Price

Following Ethereum’s remarkable market trends, a machine-learning algorithm capable of predicting crypto asset prices by analyzing some sets of data. As of May 22, the machine learning algorithm predicted $1,792 as the price benchmark for ETH for June 1, 2023.

How Does This Machine Learning Algorithm Function?

The machine learning algorithm is a mathematical model mapping and a branch of artificial intelligence that can track down patterns embedded in a data set. In crypto, the algorithm could make predictions by analyzing Technical Analysis (TA) indicators that include Moving Average (MA), Relative Strength Index (RSI), Average True Range (ATR), Bollinger Bands (BB), Moving Average Convergence Divergence (MACD), etc.

According to Etherem’s statistics on CoinMarketCap, the token’s price at the time of reporting was $1,860.20. In the last 24 hours, Ethereum recorded $1,869.34 as its maximum price and $1,808.53 as its minimum price.

Read Also: Vitalik Buterin Highlights Things That Excite Him the Most in the Ethereum Application Ecosystem

Furthermore, Ethereum has a market cap of $222,813,503,651 and a circulating pool of 120,266,407 ETH tokens. The predicted $1,792 market worth for Ethereum implies that even though the Ethereum price may be stable, it still has a potential for a slight downward trend.

Howbeit, whether the prediction by the machine-learning algorithm for Ethereum holds or not, it is expected that ETH will strive to remain afloat by applying more resilience even as Bitcoin (BTC) continues to struggle.

Follow us on Twitter, Facebook, Telegram, and Google News

The post Machine Learning Algorithm Sets Ethereum (ETH) Price for 1st of June 2023 appeared first on Times Tabloid.

The bulls pumped the price above the 50% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low. Besides, there was a break above a key bearish trend line with resistance near $4,070 on the hourly chart of Ethereum against the US Dollar (ETH/USD).

Read Also: Crypto Enthusiasts Raise $47 Million in Ethereum (ETH) To Purchase Rare Copy of U.S. Constitution

Ethereum (ETH) price is now well above $4,250 and the 100 hourly simple moving average. An initial resistance on the upside is near the $4,380 level. The first major resistance is near the $4,400 level.

The 76.4% Fib retracement level of the downward move from the $4,552 swing high to $3,920 low is also near the $4,400 level. A close above the $4,380 and $4,400 levels could start a fresh increase in the near term. In the stated case, the price might rise towards the $4,500 level. Any more gains could lift the price towards the $4,550 zone in the near term.

Read Also: Over 1 Million ETH Worth $4 Billion have Now Been Burned on the Ethereum Blockchain

Dips Limited in Ethereum (ETH)?

If Ethereum (ETH) fails to start a fresh increase above the $4,400 level, it could extend its downside correction. An initial support on the downside is near the $4,250 level.

The first key support is now forming near the $4,200 level and the 100 hourly simple moving average. A downside break below the $4,200 support zone could spark a sharp decline. In the stated case, the price is likely to revisit the $4,000 support zone in the coming sessions.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

The post Ethereum (ETH) Regains Surging Momentum. Why Bulls Could Target $4,500 appeared first on Times Tabloid.

According to Cowen in a new strategic session shared with his teeming YouTube subscribers, Ethereum (ETH) has been in a strong uptrend since March 2020.

Read Also: Ethereum Surges to New All-Time High after CME Launched Micro ETH Futures

Going by the chart captioned by the trader, Ethereum has been on a steady ascent following an uptrend line from a low of $86 in March 2020 to its current price of relatively $4,700. The trader believes that Ethereum gained more than 5,365% in less than 2 years.

During the strategic session, Cowen stated that he believes Ethereum’s current uptrend will extend into 2022, pinpointing several fundamentals that could push the price of ETH to higher highs.

Benjamin Cowen noted:

“If you zoom out on Ethereum, look at what it’s done over the last 18 months or so, more than 18 months. It basically has just been going up with time.

Read Also: Shiba Inu Tokens Burned by Ethereum’s Vitalik Buterin Five Months Ago Would Now be worth $27.8 Billion

“I still stand by that going into 2022 should still be relatively bullish for Ethereum, especially with The Merge and whatnot coming up. I would also assume that some of the stuff we’ll be speculating on in 2022 would be things like a futures ETF (exchange-traded fund) for Ethereum, more institutional investors coming in the space.”

The Obvious Target: $6,571

As for Ethereum against Bitcoin (ETH/BTC), the trader outlined what he thinks could be the next crucial milestone for the trading pair. He added that he believes Ethereum will keep outperforming other altcoins in a long-term timeframe:

“I think the obvious target would be to first break the prior local high and then to get to a valuation of 0.1 BTC ($6,571). That would be significant. What would 0.1 BTC mean? It’s just 10% of Bitcoin… So if Bitcoin is at $61,000, it means ETH/USD is at $6,100… That would be a key milestone.

Read Also: Ethereum’s Vitalik Buterin Clears Wallet off Dog Cryptos Worth $4.3 Million

“At the end of the day, Ethereum is an absolute beast. And you wonder why so many altcoins bleed against Ethereum. Look, this is what altcoins would have to keep pace with. A lot of them aren’t simply keeping pace with it. And this pace, this pace that Ethereum’s on is likely not stopping anytime soon. That’s the point.”

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

The post Analyst Benjamin Cowen Describes Ethereum as an “Absolute Beast”, Says Current Uptrend Would Extend into 2022 appeared first on Times Tabloid.