Altcoin star Ethereum, which has made giant strides in the DeFi space, has progressed to higher highs. In addition, the second most valued asset hit an ATH of $ 4,400 on Friday morning after the effective integration of the Altaïr upgrade on the Beacon Channel. The launch was a vital step on the way to a much faster and greener version of the existing system.
With the latest upgrade, Ethereum has decoupled its movement from the market leader. While Bitcoin has seen negative gains of 2.67%, the altcoin star ruled space with 5.09% earnings in the last 7 days. It looks like traders could move their BTC earnings to its counterpart followed by the latest integration.
Analyst hints at potential entry and exit areas for Ethereum!
Popular crypto analyst Income sharks signified likely entry and exit points for trading Ethereum. The price model seems to have followed closely according to the analyst’s prediction. Earlier on Friday, he shared a chart where he was bullish on his exit points around $ 4,250. Interestingly, with a minimal difference, the altcoin star swung to $ 4,350.
The chart he showed highlights the entries and exits of Ethereum. Altcoin has followed the execution and consolidation cycle. Initially, the price broke to $ 3,400, then consolidated at around $ 3,700. Additionally, managing the uptrend, altcoin jumped to $ 4,200 and consolidated for a while. The last breakout was at $ 3,900, where the price landed the ATH mark of $ 4,400.
By observing the pattern, the analyst indicated potential entry points for trading Ethereum. He expects the price to dip to between $ 4,050 and $ 4,150 before gaining another head start in the next few hours. On the other hand, Davis Alouette, a popular crypto analyst is hoping ETH prices will rise to $ 5,000 in a few days.
However, the latest report from the Health further highlighted the increased circulation of the number of unique tokens on the Ethereum network. Before heading to a new ATH, the network recorded massive single token circulation on Tuesday of around $ 1.74 million.
Overall, whooping cough predictions are circling the market after the launch of its latest integration. In addition, on-chain metrics seem healthy for the 2nd most valued asset. Popular analyst EthereumJesus expects the price of Ethereum to reach $ 20,000 in the near term. And Michel Van de Poppe hopes for a price spike to $ 10,000 in the next bull cycle.
