As the crypto space advances over the odds in recent times, a sense of stability is predominant within the markets. And hence the prices are expected to spike up as the end of consolidation may be at the toes. However, the top 2 assets Bitcoin & Ethereum currently manifest a silent trend that may roar with huge margins very soon. As ETH price is now expected to smash new ATH in June and spike beyond $5000 in July.
Coinpedia reported earlier about some crucial levels to be attained by the BTC & ETH price. Moreover, the possibility of smashing $3000 emerged strongly. Yet the current pullback may hinder the rally but only for a short timeframe. Ethereum is currently facing rejection at $2850, yet the buyers try hard to keep up the price within the crucial zones. Therefore, an upcoming couple of hours may be extremely crucial for the price as it may decide the upcoming trend.
In the wake of any rejection, the lower support around $2781 may act as strong support that may help the price to ignite a strong flip. If in case, the price fails to hold these levels, then the possibilities of the price testing lower support at $2600 or even lower surfaces. However, one of the famous personalities predicts an extreme bullish case for Ethereum with the exact figures and date.
The CEO of Moon Rock Capital, a blockchain investment firm, Simon Dedic predict ETH price to hit $5,500 in July. The price is said to hit $4,000 in April, form a new ATH in June and $5,500 in July. Considering the current trend, the ETH price may consolidate below $3000 or attempt to reach the crucial resistance around $3200 to end the quarterly trade.
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Source: https://coinpedia.org/price-analysis/ethereum-manifest-extreme-bullish-case-this-is-when-eth-price-will-hit-5000/