After the storm comes the rainbow. That’s what most cryptocurrency traders are thinking about lately. The previous bear market looks like it has come to an end and good trading days are ahead. The crypto market is up and running, with most cryptos up by more than 20% in the past week. For Ether, things are looking like they’re back on track. Prices are recovering well, especially with all the good news revolving around the EIP1559. Now that prices surpassed USD 3,000, can Ether reach USD 4,000 soon? In this article, we’re going to attempt to draw a conclusive Ethereum price prediction 🙂
Ethereum Price was poised to EXPLODE! Here’s why:
Many people questioned the future of the biggest smart-contract infrastructure. In fact, prices were testing a very strong consolidation area, which was around USD 1,750 and USD 1,800. Day traders and swing traders made a lot of money by simply buying whenever prices fell towards this level and sold at higher prices. This scenario happened several times, and we even wrote about it in many previous articles. As a confirmation of our previous predictions, prices behaved EXACTLY as predicted, and breached today the USD 3,000 price barrier.
Ethereum Price Prediction – Can Ether reach 4K soon?
It is always hard to predict what will EXACTLY happen with any commodity. On the other hand, good traders manage to place “educated trades” that have good fundamental and technical backings. With those specific techniques, our previous price prediction hit perfectly their respective targets.
Today, Ether is showing a very strong momentum upwards. Prices are at a very important psychological level, and traders can benefit from this area. Placing buy trades can be a good strategy, as price exits can be very tight.
- Entry: USD 3,100
- Stop-loss: USD 2,850
- Take Profit: USD 3,900
The Crypto Market at a Glance
In the past 7 days, most cryptocurrencies were seen up. Ethereum’s market cap is currently sitting around USD 364 Billion and has a current price of USD 3,100. It is currently up by 2% in the past 24 hours and more than 18% in the past week:
1- Bitcoin (BTC) : + 16.76 %
2- Ether (ETH) : + 18.36 %
3- Tether (USDT) : 0 %
4- Binance Coin (BNB): + 6.05 %
5- Cardano (ADA) : + 12.10 %
6- Ripple (XRP) : + 9.96 %
7- Dogecoin (DOGE) : + 23.73 %
8- USD Coin (USDC) : + 0 %
9- Polkadot (DOT): + 12.07 %
10- Binance USD (BUSD) : + 0 %
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