Ethereum Price Prediction As 21Shares Says ETH Is Amazon of The 1990s And This Crypto Casino ICO Heads For $1 Million
The Ethereum price edged up a fraction of a percent in the last 24 hours to trade at $2,472 as of 03:29 a.m. EST on trading volume that surged 19% to $14.65 billion.
This comes as 21Shares tells CoinTelegraph that Ethereum has the same exponential potential as retail titan Amazon did in the 1990s before it became a $2 trillion colossus.
The fund manager said Ethereum could also surprise investors with new “revolutionary use cases” that have not yet been discovered.
Ethereum Price Aims For A Sustained Rally
The Ethereum price has been trading on an ascending triangle pattern since August, as the bulls encountered resistance within the $2,725 level, according to data from GeckoTerminal .
However, the price still remains below both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as the immediate resistance at $2,527.
The Relative Strength Index (RSI) is moving within the neutral zone at 45, which shows that ETH price is currently in equilibrium, with a potential to soar.
If the bulls sustain the bullish trend within the triangle, the price of Ethereum could continue soaring, as the bulls target prices above $3,200 in the long term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Crosses $3,400 as WFL Makes Second Major ETH Investment
Ripple CEO Reveals the Truth About the Amount of XRP on the Company's Balance Sheet
Tether to Build 70-Story Skyscraper in El Salvador, Symbol of Prosperity
Tech giants bounce back after AI disruption, S&P 500 nears record high
Share link:In this post: Last week, the largest tech firms in the US experienced huge challenges from Chinese AI, DeepSeek. Apple and Meta reported positive results, boosting the S&P 500. The Magnificent Seven’s price-to-earnings ratio is now 31.