Happycoin.club - A trader known under the pseudonym Sheldon The Sniper advises buying Ethereum (ETH) at a rate of $3097 to maximize profits.

It's been a long time since the Ethereum market looked so bullish. The current correction is intended to identify the true believers in ETH. There are two buying zones. The first has already been overcome, and the second may or may not be achieved.

ETH will rise to $4,000 in the next week or two. These market entry points will be the starting point before taking a new price high,” Sheldon wrote.

Barriers to support in a chart published by Sheldon

Ethereum price recently broke through the first support barrier at $3,276, indicated on the chart published by Sheldon, and dropped to $3,170. If the downward movement continues, the coin will fall in price to $3097, and after that it will rise in price to $4000. Accordingly, if you buy ETH at a price of $3097, you can earn a profit of 29%.

After the launch of Bitcoin-ETF trading, the BTC rate increased by about 75%, so many analysts predict a significant increase in the price of Ethereum due to the start of sales of ETF shares in the United States. For example, digital asset trader Michael van de Poppe predicts an increase in the value of Ethereum to $7000-7500 due to the influx of capital into ETH-based derivatives.