A widely-held Crypto analyst says Ethereum (ETH) is preparing for a massive swing upside down.
In a new strategy session, Pseudonymous Cryptosy tells 863,800 followers on social media platform X that the second-largest digital asset is displayed in the middle of a price of $3,300, but was not given a specific time frame.
“Eth. If you approach for the transition to 28xx, the flip will have a potentially large movement of $3,300. But first, let’s go there.”
Source: Pentoshi/X
Earlier this week, traders predicted that the top altcoins would reach a price tag of $2,800 during their surge, noting that dips during this period are the best for purchases.
“I don’t sleep on ETH again. I had great recalls on the Key High Time Frame (HTF) level and 200-day moving average. The price is now back, but it’s still $2,800 for the four hours since it ended. It’s $2,800 in the short term.
Source: Pentoshi/X
Ethereum has yet to reach Pentoshi’s forecast of $2,800 for the cycle, but it reached its close proximity and peaked at around $2,700. ETH has traded at $2,577 at the time of writing, down 3.5% over the past 24 hours.
Generated Image: Midjourney
