The crypto market has enjoyed a lot of attention in the past few weeks as many top crypto coins soared to multi-year highs. Unfortunately, Ethereum (ETH) has been showing a lackluster performance, but that is about to change.
VentureFounder forecasts the value of Ether could reach $7k in the coming weeks. Also, Dogecoin (DOGE) is expected to rally to $0.6500. Meanwhile, IntelMarkets (INTL) has stolen the spotlight with its potential 10x price surge.
Ethereum (ETH) Forms Cup and Handle Pattern, Could Skyrocket To $7k
In a recent tweet, a top expert called VentureFounder predicted the value of Ethereum (ETH) could skyrocket to $7,346. According to him, the altcoin has been forming a giant cup and handle formation since November 2021.
A breakout could push the Ethereum price to a new peak. VentureFounder told his followers to watch out for a breakout above $4,300. Surpassing this level would mean the Ethereum coin is ready to skyrocket.
In the meantime, the cryptocurrency is showing green across the different timeframes. CoinMarketCap price data reveals the value of the Ethereum token has pumped by 9.4% in the past week. Also, it has risen by 18.8% on the 14-day timeframe and 48.5% on the 30-day chart.
The technical indicators of Ethereum (ETH) are also bullish. The relative strength index, for instance, is above the midline. This means that bulls are in charge of the market and could spark an upsurge soon.
Dogecoin (DOGE) Eyes Potential Breakout To $0.6500
Dogecoin (DOGE) continues to trade above the $0.4 support after bears failed pullback attempt to $0.39. The memecoin has been consolidating within a narrow range since November 29. A breakout from this range could spark the rally the entire market has been looking forward to.