Crypto Expert Predicts Ethereum Ready for Big Rise in New Trading Zone

Crypto Analysis:

Crypto Expert Sees Bright Future for Ethereum, Offers New Views on Bitcoin and AI-Based Altcoin

 

Crypto analysis by Cryptocrit

 

Pseudonymous analyst Pentoshi  who's good at predicting the price of cryptocurrencies said that Ethereum might go up. He thinks it could increase by more than 21% from what it's worth now. Pentoshi is a pseudonymous crypto market analyst who primarily uses Twitter to post market prediction updates. He has amassed over 600,000 followers on Twitter in the past couple of years due to his sometimes accurate market predictions and general knowledge of the economy. Pentoshi is known for his long-term, high time frame (HTF) analysis, which focuses on macro trends and fundamental factors. He believes that the crypto market is still in its early stages of development and that there is a lot of potential for growth in the coming years.

Pentoshi Crypto price prediction:

ETH Crypto price prediction

Pentoshi looked at the chart and believes that Ethereum has entered a new trading range, which means it will trade between $1,796 and $2,200. He also think that when you compare Ethereum to Bitcoin, it's at a level where it might start going up.

Read more:

Crypto analysis: Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast

BTC crypto price prediction

When it comes to Bitcoin, the analyst thinks it will keep going up as long as its price stays above a certain range, specifically between $31,500 and $32,500. If it falls below that, they might change their prediction.

He also believe that Bitcoin might reach the $40,000 level in the next few weeks. But they caution that if it falls below a specific point, their prediction might not be correct.

Pentoshi has also been critical of some of the excesses of the crypto market, such as the ICO boom of 2017 and the rise of DeFi projects in 2020. He has warned that these markets are highly speculative and that investors should be careful about investing in them.

Overall, Pentoshi is a respected analyst in the crypto community. His predictions are not always accurate, but he has a good track record of identifying long-term trends. His analysis is also well-reasoned and informative.