Crypto analysts predict that Ethereum price will soon be on its way again, this time for a large upward movement.
Volatility is back in the cryptocurrency market and analysts have launched their tools once again, making predictions of what the next move is going to be.
Last week, Bitcoin and Altcoins displayed the kind of market behaviour that has been lacking for sometime. In the bullish run, several technical indices were respected and price movements displayed the kind of patterns that the market had been known for.
With the initial surge now over, and the market preparing itself for another session of volatility, some analysts have taken to their social media to predict what should be expected of the cryptocurrency market in the near future.
As has been popularly expressed, Bitcoin spurred the most recent surge in crypto prices. The pioneer cryptocurrency is assumed to have dragged other cryptos along with it on its ascent. This time, cryptocurrency analysis suggests that an upward Ethereum price move will be independent of what happens with Bitcoin.
Ethereum price is described as sitting on the launch pad of a rocket ship in its fractal cycle.
Twitter crypto analyst CryptoGainz concurs with the impending upward surge for Ethereum, He also believes that ETH will be the first crypto coin to experience a pullback to lower levels before bouncing off a strong support to initiate this move.
Sentiments such as these are encouraging participants within the cryptocurrency ecosystem to fill up their portfolios in anticipation of profits in the rising market. This is even easier with platforms like CryptoFish that make it possible to buy any amount of cryptocurrencies instantly with debit or credit cards.
With the patterns being formed across the board, where cryptocurrencies are breaking through strong resistances, and creating new supports, it is normal to expect another cycle of upward movement in crypto prices.
However, certain fundamental factors do exist that could influence the overall market behaviour. But for now, as agreed by majority of participants, it seems a clear road ahead in the world of cryptocurrencies.
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