Ethereum Strong Fundamentals: Analysts Are Bullish On ETH

Ethereum has some pretty strong fundamentals, and this is becoming more and more obvious.

This is one of the reasons for which there are some bullish predictions that are popping up around the digital asset.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $245.00.

Three crypto analysts are bullish on ETH

Three crypto analysts predicted that Ethereum is about to regain its bullish momentum just as ETH is making strides in terms of fundamental development.

There’s a pseudonymous crypto analyst called Crypto Mocho who said on Twitter that he believes ETH is a strong buy on dips, as the Daily Hodl reported.

Trader Crypto Michaël is one the very same page as Crypto Mocho’s sentiments.

He said that ETH will be moving through a short-term retracement before marching higher. He sees ETH going to $331 in August.

Meanwhile, the trader Galaxy sees Ethereum moving in tandem with Bitcoin, He believes that ETH will rise and drop based on the direction of BTC.

Interest in Ethereum has been on the rise these days as well, despite the global crisis.

Also, “The number of new addresses involved in more than one ETH transfer has grown significantly this year,” says Glassnode.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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