Analyst Announces: If Ethereum Closes Above This Level Tomorrow, Altcoins Will Be Excited...
It is predicted that if Ethereum closes weekly above $2,800, the price can rise to $3,500-3,600 levels.
While Bitcoin and cryptocurrencies in general are experiencing significant price increases in parallel with positive developments coming from the US, analysts continue to share information to assess the latest situation.
Popular analyst Matthew Hyland claimed that a weekly close above $2,800 could take Ethereum to $3,500-3,600 levels. The analyst made the following statements in the video he shared on Twitter:
If Ethereum can close a week above $2,800, I think Ethereum will see a major push towards this upper $3,500-3,600 zone, which will push the lowers as well.
It was stressed that after the close in question, a revival of altcoins will occur. On the other hand, Real Vision's chief crypto analyst Jamie Coutts emphasized that network activities should increase and stated that global liquidity also increased due to Ethereum's long-term rise.
According to the data, Ethereum finds buyers at $2,776, which is about $25 below the critical level stated by the analyst at the time of writing.
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