The post Expert Says Ethereum Price Is “Ready” As Vitalik Buterin Confirms ETH’s Future appeared on BitcoinEthereumNews.com.

Expert analyst says a massive rally is brewing for Ethereum price as it enters the final phase of a fractal. This outlook coincides with Ethereum co-founder Vitalik Buterin revealing the roadmap for ETH. Analyst: Ethereum Price is “Ready,” Edges Closer to Breakout According to analyst CryptoYodha, Ethereum price action is repeating a fractal that was last see over five years ago. This fractal contains four phases – a cycle bottom after the end of a bear market followed by a correction that forms a higher low, relative to the cycle bottom, a breakout and retest that confirms the start of a bull run and the bull run. Between 2019 and 2021, the price of ETH formed a cycle bottom below $100 and rallied to form a local top around $300. This move was followed by a pullback that formed a higher low under $100, signaling that the market is bullish. Following the initial two phases, Ethereum price formed a bottom around $300, which was a significant move that led to a bull rally and an all-time high just shy of $5,000. The analyst assumes that if history is repeating then Ethereum price is currently in the third phase, where it is forming a stable foothold that should be followed by a bull rally. ETH Price Fractal 10-day Chart Although the fractal is likely, the analyst’s Ethereum price forecast targets anywhere between $12,000 to $15,000 per ETH. This would mean ETH needs to pentuple or roughly 4.8X from the current level of $2,500. Is this possible? Only time will tell. Vitalik Buterin Reveals Ethereum’s Roadmap In a recent blog, Vitalik Buterin penned a detailed Ethereum roadmap that outlines what to expect next in terms of blockchain development. But on a high level, this blog focuses on improving Ethereum’s security and scalability,…

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Filed under: News - @ October 17, 2024 10:28 pm