Ethereum (ETH) Predicted to Reach $14K Within 3 Months!
- Ethereum (ETH) and Bitcoin (BTC) are surging up together.
- ETH expected to reach the target of $6.4K soon.
- Following the same chart trend of 2017, ETH will reach $14K in 3 months.
Being the two most prominent cryptocurrencies, there are always solid predictions and analysis readily available for Bitcoin (BTC) and Ethereum (ETH). Accordingly, having surged up evidently over the past month, the expectations for November too are similar.
In such terms, Ethereum (ETH) predictions are clearly sorted out. With respect to the charts, ETH will be hitting $6,400 soon. Once reaching this breakpoint, then ETH is predicted to surge to an ATH of $14,000. This is all expected to take place within a time period of 3 months.
ETH Current Status
The last lowest price of ETH was about the end of September, trading at $2,780. After that, within a time period of approximately a month, ETH touches down to an all-time-high (ATH) of $4,523.
Also, the complete surge from $2,780 to $4,523 amounts to gains of 62.54% for the last 30 days. This ATH took place just a few hours back from the time of writing.
Amidst all this, it’s quite evident that this surge to new ATH for ETH is due to the recent steps towards moving towards ETH 2.0. In such aspects, the Altair update on ETH beacon chain is one such move towards the transition.
In addition, the enabling of proof-of-stake consensus has also been a vital price surge reason too.
Break-outs of $6K and $14K
In spite of many predictions, a twitter account with the pseudo name ‘John Wick’ puts forth that the charts of ETH are best ripe for the next few months. Accordingly, he states that the graphs and charts point to a massive squeeze. These terms profuse break-outs one by one for ETH.
Moreover, the current chart of ETH in comparison with the chart of 2017 is more or less the same precisely. Accordingly, the same pattern of 2017 is expected and predicted to be followed.
With respect to this, ETH will be hitting a complete new break-out ATH of $14K, highest ever. This massive surge will take place within a period of 3 months.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
