Ethereum Target Price | Ethereum (ETH) price falls above $2,100 in crucial ‘weekly support retest’. As such, another 50% increase could be on the cards.
Another target for Ethereum (ETH) price can be found at $3,600. As such, the trader asks his audience if they are ready to “teleport” to such impressive price levels and admits that it is time to step up.
Today, in the early hours of the morning, the price of Ethereum (ETH) set the new year 2023 high above $2,440. By article writing time, it had returned to $2,400.
The last time Ethereum (ETH) traded above $3,600 was in April 2021, just before the collapse of the Terra ecosystem (LUNA) and the 2021-2022 crypto winter. One more reason for the high target can be the approval of Ethereum ETF (ETH- ETF) in the coming days which is in line same as Bitcoin ETF approval.
This year, the price of Ethereum (ETH) has more than doubled; at the end of December 2022, the second-largest cryptocurrency was trading around $1,200.
Solana (SOL) “takes a breather”, down 17% from 2023 high.
Traders are also optimistic about the medium-term future of Solana (SOL), a key competitor to Ethereum (ETH). It indicated the decisive catalyst for demand for Solana (SOL).
According to his theory, the Solana (SOL) community needs more tokens to participate in potential reverse airdrop campaigns. This frenzy was triggered by a massive distribution of JTO tokens organized by Jito Finance, a Lido na Solana (SOL) copycat.
Meanwhile, the price of Solana (SOL) has bounced back after a 900% gain over the past 12 months. It hit a local high of over $123 but is now changing hands at $100.
Disclaimer: The above article is completely based on market data, relative ETF NEWS, and relative chart indicators.