 before it potentially reaches $3,000. Get insights and predictions on the future of ETH and make informed investment decisions.){kind=link}
Greater Interest in Ethereum as Analysts Predict Rally Toward $3,000
Today, December 14, Ethereum is looking good, forming a green candle on its daily chart, a good sign for its price. Analysts expect the coin to reach a high of $3,000 when this rally starts. According to top analysts, this may be the best time to grab some more Ethereum before it kicks off.
$ETH: I still think that #Ethereum is 1 of the easiest trades you can take. It consolidated under the 2kish mark for almost 2 years and finally out of that range. This is going to catch up for sure and I think that ETHUSD goes to $3k in the coming months. pic.twitter.com/ddX8l2s5Ux
Meanwhile, the potential factor propelling this price growth today is positive sentiment within the crypto market. Can ETH continue the rally to form more consecutive green candles in the days to come, or will it retrace? Find out more below.
Ethereum Grows In Value
Over the past 22 hours, Ethereum (ETH) has been on the rise, surging more than 5.8%. Even in the last seven days, it shows a solid gain of over 3%. During the past month, ETH has exhibited an impressive growth of 12%, as reported by CoinMarketCap.
Investors who bought this coin before the surge to $2,400 on December 9 went home with huge profits. However, the price was retraced down to $2,136, where it found support.
In recent developments, especially since December 13, Ethereum’s chart has been painting a picture with some intriguing green candles. Based on its current strength, it could break the previous high at $2,400.
Bulls Maintaining Optimism
ETH/USDT is currently riding a wave of bullish momentum. This is indicated by the ascending channel marked by green dotted lines on the chart above. The bulls have shown resilience within these few days, stopping the bears’ attempt to break the price below this channel.
From this level, the coin is now making a robust upward move, and indicators suggest a strong possibility of continued uptrend movement.