ETH Upside Potential in the Next 3D & 1W, $3K & Up?
Galaxy Digital acquired 26,000 Ethers on Tuesday, worth around $76 million at today’s price, on-chain data from Lookonchain shows. This pushed the price of Ether above the $3,000 threshold for the first time since April 2022, before falling back.
“$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe.
“The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note.
Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows.
Follow us for more crypto weather reports!
“$3,000 for Ethereum. To be honest, it’s still undervalued to #Bitcoin. Given the valuation of Bitcoin at $52,000, it would be normal to have a valuation of $3,800 per ETH. The upside is gigantic,” said the CEO of MN Trading Michaël van de Poppe.
“The Ethereum rally is supported by the March Dencun upgrade but, more importantly, by the expectation that a) the Bitcoin halving is bullish for crypto and b) that Ethereum ETFs will be approved by the SEC” in May, the Head of Research at 10x Research, Markus Thielen, said in a research note.
Ether rose 0.5 percent to $2,943 over the past 24 hours. A bullish sun shines over both Bitcoin and Ether over the course of the next 3 days and week, indicating upside potential. Binance Coin and Dogecoin should also profit from this bullish trend, ATTMO shows.
Follow us for more crypto weather reports!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.