Ethereum’s price has recently hit $2,800 for the first time in three months, as it shows signs of a potential upward momentum. Analysts have noted that key metrics such as MACD and moving averages are flashing buy signals for ETH, although a high RSI suggests a potential short-term correction. Ethereum has been lagging behind other leading cryptocurrencies in terms of gains, but its recent resurgence has caught the attention of experts who believe that it has entered a bullish mode.
Popular cryptocurrency analyst Michael van de Poppe claimed that ETH has experienced a “massive bounce” and may create a higher low before continuing its upward momentum. Other analysts have even predicted that ETH’s price could explode to the $8,000-$13,000 range by the end of next year.
