Ethereum Price Forecast: Will the price of ETH reach the new ATH level by the end of the 5th month?
Historically considered a minor player compared to #ЛюбимыйТокен (BTC), #ЛюбимыйТокен (ETH) initially lagged behind the rise in #ЛюбимыйТокен prices, showing notable signs of recovery in the current cryptocurrency market cycle, and there has been no clear catalyst, but recent trends show a shift in market sentiment in favor of #eth .
This is what gives Ethereum such an advantage.
Has the time finally come for ETH to prove itself?
Since the beginning of this bull market, ETH has been something of a mattress. Slow price swings, no clear catalysts, and a strong reaction to the rest of the market gaining momentum.
ETH is on the rise!
The recent price movement of Ethereum is an odd example of strengthening in the face of a storm. While the broader cryptocurrency market is struggling, Ethereum is afloat. Since the long-awaited Ethereum ETF was given the green light, its price has fallen just 8% and currently sits at $33,367. Bitcoin, on the other hand, has been less fortunate: its price has fallen nearly 60,950% to almost $BTC Dig deeper to find out why experts are whispering about the potential growth of Etherium!
After a long downtrend, cryptocurrency analysts at Flow claim that Ethereum (ETH) has rebounded strongly from multi-year lows against bitcoin (BTC). If ETH maintains this upward momentum and breaks out of its historical downtrend against BTC, it could attract big players and lead to further Ethereum price gains.
But speaking about the SOL/ETH trading pair, he noted that it has reached a tipping point. Solana has repeatedly tested its all-time high against ETH. However, the recent price movement suggests that SOL/ETH may be facing resistance, indicating a potential shift of bullish momentum towards other assets.
In the long term, Ethereum's bullish momentum is due to the fact that ETH ETF funds have recently been approved.
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