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Reading: Five-Digit Price Expectation for the Altcoin King! According to the Expert, New Records are on the Way with the Bitcoin Effect!
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EdaFace Newsfeed > Latest News > Altcoin News > Five-Digit Price Expectation for the Altcoin King! According to the Expert, New Records are on the Way with the Bitcoin Effect!
Altcoin News

Five-Digit Price Expectation for the Altcoin King! According to the Expert, New Records are on the Way with the Bitcoin Effect!

vitalclick
Last updated: December 20, 2024 8:04 am
2 months ago
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Ethereum (ETH) $3,677.8could reach five-digit price levels in 2025. CoinBureau owner and analyst Guy Turner stated that ETH could reach these levels with critical changes in market dynamics. In a video update on his YouTube channel, Turner stated that Ethereum’s price could increase significantly after surpassing its historical high.

Ethereum’s Historical Peak and ExpectationsBitcoin’s Performance Could Support Ethereum

Ethereum’s Historical Peak and Expectations

Guy Turner said that Ethereum is expected to retest the $4,878 level it reached in November 2021. According to Turner, going above this level could push the price of ETH to a new level. However, Ethereum’s Bitcoin $101,762.8 The loss of value against it draws attention. The analyst stated that if resistance is gained against Bitcoin, there may be significant increases in the price of Ethereum.

Using Fibonacci extension levels in technical analysis, Turner predicts that Ethereum could reach the $7,300 level. Emphasizing that this level is compatible with the 1.618 Fibonacci level, the analyst states that this prediction may be a critical target for market players. The Fibonacci extension is an important analysis tool used to identify potential targets beyond price movements.

Bitcoin’s Performance Could Support Ethereum

Turner states that if Bitcoin reaches $200,000 in 2025, the value of Ethereum may rise to $14,600. Pointing out that the increase in the price of Bitcoin may increase investment interest in Ethereum, Turner emphasizes that this situation may be a very important price catalyst for Ethereum.

“If ETH surpasses the previous all-time high, price discovery will begin and new highs will be tested,” the analyst said. Growing under the influence of Bitcoin, Ethereum is carefully watched by market participants.

Ethereum is currently trading at $3,686. However, due to market fluctuations, it remains unclear in which direction price movements will proceed in the future. While Guy Turner’s predictions may provide guidance to market players, investors are advised to proceed with caution.

Disclaimer: The information contained in this article does not constitute 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.

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