Ethereum's Next Big Move? Expert Predicts 75% Price Rise
Bears have regained control of Ethereum, stalling its price movement. Crypto specialists expect ETH to rise in the near future despite its declining price strength.
Ethereum Set for Massive Growth
Market analyst and trader Javon Marks predicts a 75% price increase for Ethereum. Despite market volatility, he remains optimistic about the crypto asset.
Javon Marks highlights to technical signs and patterns that indicate the cryptocurrency is strengthening, setting it up for a big surge in the coming weeks. Ethereum may rise amid this projected spike as market mood improves.
After analyzing ETH's price performance, Javon Marks expects a major increase after an RSI breakthrough and repeated Hidden Bull Divergence patterns. The analyst believes this breakthrough might lead to a rise toward $4,811.6, just inches from its all-time high of $4,878.
Ethereum
Etherem might rise 75% | Javon Marks on X
Prices have risen roughly 120% since the RSI breakthrough, signaling a run, according to the expert. These confirmations and breakouts support Javon Marks' prediction of a 75% Ethereum rise to $4,811.
Marks believes Bitcoin, the biggest cryptocurrency asset, might influence ETH's future move. "It may be near evident of what's next for ETH, which can fulfill $4,811+, following the leader, and that can take Bitcoin even higher," he said.
He said that if ETH's subsequent fulfillment to $4,811.6 is confirmed, BTC may soar considerably higher and break beyond $67,559, paving the road for BTC to reach $116,000. This move will also help Bitcoin lead the crypto sector to bullishness.
This Cycle Could Reach $6,000 ETH?
Bullish expectations are sweeping ETH. The community was optimistic when crypto specialist and trader Ali Martinez predicted the cryptocurrency will hit $6,000, a new record high.
Ethereum's resilience at $2,400 supports this projection. Martinez said the cryptocurrency has held the support range since surpassing $2,400 and may now be going for the channel's top limit at $6,000.
