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ETH ETH prices are about to recover from the US$2000 mark, and bullish analysts believe that it is expected to rush higher.
Although the current trading rhythm of the cryptocurrency market is stagnant, the overall trend is moderately bullish. The current price of Ethereum (ETH) is in the $1900 range, indicating that the asset maintains upward momentum and may be ready to recover higher prices in the next few days or weeks. As bullish analysts generally believe that the possibility is extremely high, ETH prices are gradually approaching to recover the $2000 mark.
The US$2000 price is on track to recover
The cryptocurrency community is gradually turning optimistic, and some previously bearish analysts also believe that the market bottom has emerged. Ethereum prices have slowly climbed from a low below $1500 to the $1900 range, and many bullish analysts believe that ETH will soon return to $2000 and hit a higher target. A trader confirmed that ETH has pulled back to the $1800 region and is breaking past $1900, which means that the $2000 price is about to be recovered.
In addition, as Bitcoin prices rise to $70000, Ethereum prices are expected to surge into the $2200 range. Subsequently, analysts expect a distribution period of about 7 to 10 days, with the final bottom range of ETH around $1200. Once the bottom is established, ETH prices are expected to surge again and hit a new all-time high (ATH) to $7000 range.
Bullish analysts are generally bullish on
Another well-known analyst observed almost the same price pattern on the Ethereum price chart. In short, ETH is expected to rush first to the $2200 range, then fall back to the final bear market bottom (possibly between $800 and $1300), and then start a new bull market, pushing ETH prices to a new high with a target of about $7000.
At the same time, another bullish forecast points out that ETH is continuing to be in the largest fundraising phase in its history, which will soon trigger a strong bull market. Currently, the bull market target prices for this Ethereum (pioneer altcoin) are $5000,$8500 and $12000 respectively. In the coming months, will ETH really see a round of gains, or will US$7000 be the only new goal?
