The predictions of the names that predicted the previous bottoms and tops correctly about the current situation are much more interesting. Of course, his prediction that we would hit the bottom in 2018 did not prove him right about the subsequent bottoms. For example, he could not predict the bottom in 2022. However, the perspectives of analysts who make such correct predictions resonate can be much broader. Therefore, it is useful to take a look.
The Analyst’s Prediction
Bitcoin (BTC)’s 2018 bottom was predicted 6 months in advance by the crypto analyst who now Ethereum (ETH) is talking about. ETH price predictions actually concern almost all altcoins due to their connection with cash flow to BTCD and altcoins. In other words, his last assessment is a comment that concerns altcoins as a whole, especially ETH. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The analyst known by the pseudonym Bluntz says that the ETH price has potentially reached its real bottom, as it saw its lowest point in the last 6 months in August. In other words, we may not experience such bad days for ETH as we left behind until the new ATH level in the future.
This is also in line with the expected rise in the general framework for altcoins, with most experts predicting a stagnant September followed by markets gaining momentum in October.
ETH Price Prediction
Bluntz first expects ETH to turn the $2,850 level into strong support. The anonymous analyst, who says he sees a bullish divergence on the three-day chart, also uses the Elliott Wave Theory. Bluntz, EthereumHe thinks that the has followed a five-wave pattern on the four-hour time frame and the correction is complete in a three-wave move.
The analyst’s target level for ETH in the coming weeks is around $3,400. However, ETH continues to struggle to maintain the $2,500 support at the time of writing. The second altcoin he drew attention to is To the left (LEFT) was. The analyst’s view that SOL Coin will weaken against ETH does not seem so unreasonable with the early end of the ETF story.
BTC, on the other hand, is now trying to reclaim $59,000 after taking several shots below $58,000 at the time of writing. We are entering the weekend and the monthly close is hours away. It would not be surprising if the crypto continues to be weak for 2 days without volume.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
