Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation

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He emphasized that if current momentum continues, the $6,000 milestone could be within reach sooner than many expect.  Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs According to Runefelt, Ethereum’s upward trajectory is supported by increasing network activity, heightened institutional interest, and broader adoption of its smart contract capabilities.

Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target Ethereum’s potential rally is supported by a combination of technical strength and increasing demand for its smart contract platform.

Runefelt emphasized that ETH is mirroring Bitcoin’s recent explosive breakout, suggesting that Ethereum could be next to surge.  According to his analysis, this may be the last opportunity to buy ETH at relatively low prices before the market takes off.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum news Ethereum Ethereum Ethereum Analyst Ethereum Technical Charts ETHUSDT ETH Ethereum Breakout Ethereum All-Time High Ethereum Price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 06:00:59 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 563 words

Reading Time: 4 minutes read

Sentences: 71 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23625739

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