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Ethereum Prepares for a 50% Rally that Will See the ETH Hit a New All-Time High at $6,300 -Breaking

by Mike Robinson

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Ethereum is preparing for a 50% rally which will see the Ethereum reach a new record high at $6,300

In 2021, Ethereum, which is the second most popular cryptocurrency worldwide, saw a 408% increase. Although it is the top-performing asset in the world, this does not mean that crypto will be the only one to prosper. Many investors have higher expectations for crypto. It has declined slightly at the tail end of the year.

Investors are hopeful about Ether’s future performance at the beginning of a new calendar year. Ether appears to now be in the bullish area on the daily chart (gaining 2.4%), which indicates the long-term direction.

This is the 24 hour price chart for Ethereum. Source: Tradingview

Ethereum Could Rally Up to $6,300

After oscillating for several days between the oversold levels 50 and 40, according to the RSI’s, Ether finally fell below $3,600 by December 30.

Using that as an important support zone, the Ether has now bounced up above $3,800 – which has proven to be one of the most critical support zones for the assets.

Ethereum can continue its upward momentum, breaking above the triple-top (based on point figure analysis), and solidly planting Ethereum into a bullish stock market over all time periods.

A break above $4,300 will result in an entry. However, the stop at $3900 will prevent you from entering. If the triple top is broken, an entry will become at $4,000. The price target may be as high as $6,000. It will see a 60% increase in its price from $3,832.

Chart of price prediction based on @FXScrypto

Flipside

  • For a longer duration, you will see a larger price increase. Ethereum’s future is even more certain ahead of the PoS transition.

Why you should care

These opinions should not be considered tradeable or financial advice, but expert opinion that is based upon the Ethereum market structure.

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