The crypto market is making efforts to recover following the latest corrections. Check out the new prediction about the second coin in terms of market cap below.
ETH price prediciton is out
According to the latest reports, a popular crypto analyst is issuing a warning to investors about Binance Coin (BNB) while predicting Ethereum’s (ETH) next big move.
Pseudonymous trader Altcoin Sherpa said not too long ago that BNB might not be the best trade right now. This comes after bad actors hacked and stole hundreds of millions of dollars worth of the token.
On the other hand, the trader notes there’s nothing necessarily wrong with BNB’s technicals and that he’s still holding the digital asset.
“BNB: Obviously the talk of crypto [right now] with the hack going on, scary stuff. Probably best to not trade this, but from a pure technical analysis standpoint, this area should be ok to enter given the exponential moving averages and support/resistance flip. I’ve got a bag I still hold.”
Altcoin Sherpa also made sure to point out the fact that Ethereum’s next move up could land the leading smart contract platform somewhere in the $1,500 range before November.
Also, he said that he doesn’t know what comes after that for ETH.
“ETH: I still think this is a relative bottom and the next big move is going to be in the $1,500s (after that I have no idea).”
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,330.
Two important goals for ETH are out
Ethereum (ETH) creator Vitalik Buterin has recently talked about what he hopes the end goals are for the project.
In a new interview with the Bankless podcast, Buterin says Ethereum is guided by values rather than ultra-specific ultimate goals.
“Ethereum’s ethos from the beginning has been to insist on a few particular values but otherwise not have its own picture of what specific things it brings to the world, but leave that up to the ecosystem and lots of different groups to create their own vision.”
Check out our previous article for more news about ETH.