The crypto market looks excellent today with most of the important coins trading in the green. Ethereum is no exception and at the moment of writing this article, ETH is trading in the green and the coin is priced above $4,700.
Ethereum bull market could extend in 2022
It’s been just revealed that a popular trader and crypto analyst is calling Ethereum an ‘absolute beast’ as he predicts the bull market for ETH could extend into 2022.
During a new strategy session, Benjamin Cowen said that Ethereum (ETH) has been in a strong uptrend since March of 2020.
“If you zoom out on Ethereum, look at what it’s done over the last 18 months or so, more than 18 months. It basically has just been going up with time.”
He is showing followers a chart and according to it, Ethereum has been on a steady climb, following an uptrend line from a low of $86 in March 2020 to its current price of more than $4,700.
He said that ETH has printed staggering gains of more than 5,365% in less than two years.
The crypto analyst also said that he believes Ethereum’s uptrend will push into 2022.
He revealed that there are a few fundamental catalysts that can drive the value of ETH to greater heights.
“I still stand by that going into 2022 should still be relatively bullish for Ethereum, especially with The Merge and whatnot coming up. I would also assume that some of the stuff we’ll be speculating on in 2022 would be things like a futures ETF (exchange-traded fund) for Ethereum, more institutional investors coming in the space.”
Ethereum vs. Bitcoin
Now, it’s been revealed that banking giant JPMorgan said that Ethereum (ETH) is a better bet than Bitcoin (BTC) this market cycle.
Business Insider reported that analysts from JPMorgan say the Federal Reserve’s plans to raise interest rates could spell trouble for Bitcoin.