An influential crypto analyst predicts a significant upward swing for Ethereum (ETH).
During a recent strategy session, renowned crypto trader Pentoshi, with a large following on the social media platform X, indicated that the second-largest digital asset could potentially reach $3,300 in value, although no specific timeline was provided.
“ETH. Moving closer to its target of 28xx, a breakthrough that could lead to a substantial surge to $3,300. But first, we need to reach that point.”
Earlier in the week, Pentoshi also forecasted that the top altcoin would reach $2,800 as part of its upward trend, suggesting that any dips during this period could present buying opportunities.
“It’s important not to underestimate ETH at this stage. It has successfully reclaimed a key high-time frame (HTF) level and the 200-day moving average. While the price has rebounded, we are still a few hours away from closing. In my opinion, $2,800 is highly probable in the short term. Dips should be seen as buying opportunities for now.”
While Ethereum has not yet reached the $2,800 mark as predicted by Pentoshi, it did come close, peaking at around $2,700. Currently, ETH is trading at $2,577, showing a 3.5% decrease over the last 24 hours.
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