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.
the gods want we to go long lol $eth
— mocho17™®© ENAMORAO DEL $$$$ ™®© (@cryptomocho) June 6, 2020
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.
Overall looking great.
I’d prefer to see some more consolidation (just like the push towards $215).
In that regard, $215-220 is a potential zone for longs.
In general, as long as green holds, I expect further continuation with potential targets of $300. pic.twitter.com/qTL9BCOnFk
— Crypto Michaël (@CryptoMichNL) June 5, 2020
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.
Highest monthly close on $BTC in over 7 months.
I’m expecting nothing less than:
$11000 – $BTC
$300 – $ETH
in June. pic.twitter.com/I4r4avcmE4
— Galaxy (@galaxyBTC) June 1, 2020
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.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.