Ethereum’s trajectory is great and at the moment of writing this article, ETH us trading in the green and the coin is priced at $3,126.55.
There have been all kinds of bullish predictions about the price of ETH due to the latest upgrade that the project saw.
Ethereum is reportedly ready to outperform Bitcoin
According to the latest reports, there’s a popular crypto analyst who is calling for Ethereum to outperform Bitcoin over the next few months drastically.
Pentoshi said that he’s looking for Ethereum to form a higher low to build support for a further rally now that the token has broken out of its downtrend against Bitcoin.
$ETH MACRO VIEW
(Weeks/months) as we know extremes happen inside that
Simply outperforms $BTC imo
Broke out vs BTC on this massive flag
— Pentoshi Wont DM You (@Pentosh1) August 3, 2021
He also made sure to point out the following: “We got the 60-64k. We got the 29k bottom. Imo if we do get above 64k. We are going to 200-250k. That’s only a 3x above the prev ath’s. It’s not wild when you think about what #Bitcoin is, and it’s future with global adoption. Think bigger $BTC. Next price discovery will be wild.”
Goldman Sachs executive analyzes Ethereum
The online publication the Daily Hodl notes that Raoul Pal just analyzed Ethereum.
In a new interview, Pal says that ETH is shaping up to be the “greatest trade” as changes in Ethereum’s fundamentals work to greatly reduce the available supply of the second-leading cryptocurrency.
“I released Global Macro Investor last Monday or Monday, there was an article buried there, It was about six pages long and it was entitled, ‘The Greatest Trade,’ and it’s just Ethereum. I think [there’s] a better setup in Ethereum … than March 2020 was for Bitcoin…” he said.