The bullish predictions about the price of Ethereum and other important coins are out, despite the market massive volatility. Check out the latest predictions here.
Ethereum new price prediciton is out
According to the latest reports, the popular crypto analyst Michaël van de Poppe is predicting what might be in store for a trio of popular altcoins.
Van de Poppe said recently that the leading smart contract platform Ethereum (ETH) appears to have decent momentum after rallying back from monthly lows under $1,000 on June 18th and 19th.
“Great retest on Ethereum here. Seems likely to have continuation towards $1,440.”
At the time of writing, Ethereum is down nearly 3% over the last 24 hours, going for $1,161.
The analyst also addressed the enterprise-grade blockchain platform Fantom (FTM), the crypto analyst says he’s eyeing the altcoin’s price action on the lower time frame (LTF) as an indicator of whether or not FTM’s correction is over.
“FTM is interesting with the fact that we’re retesting previous highs here. Not saying that correction is over, but it’s definitely an area that I’d want to see sustain (including LTF’s sweep of the lows and reclaim) in which a reversal should target a new high.”
Ethereum competitor is doing great
Not too long ago, we revealed that an important digital assets manager just reported that institutional investors are buying into Solana (SOL) over Ethereum (ETH) as markets tumble.
In the latest Digital Asset Fund Flows Weekly report, CoinShares made sure to explain the fact that Ethereum investment products have suffered over 10 weeks of consecutive outflows ahead of what’s known as “the merge.” Just in case you don’t know, this is Ethereum’s plan to transition to a proof-of-stake system.
The popular crypto analyst Michaël van de Poppe addressed some important digital assets for potential entry points while laying out his price targets.
The trader said that that enterprise-solution blockchain Zilliqa (ZIL) could possibly break out toward the $0.05 level if it can find support above $0.0375.