Ether On Cusp Of Outperforming Crypto Majors As Analyst Sets Conditions For $4,800 High.
09 Sep 2022, 08:00
Ether On Cusp Of Outperforming Crypto Majors As Analyst Sets Conditions For $4,800 High
As the crypto markets continue on their path to recovery, the space hopes for breakouts in the foreseeable future that could potentially influence the recuperation. Amidst the speculations, a notable crypto analyst has mentioned that he expects ETH, out of all assets, to stage a breakout from current levels, further highlighting conditions for a high of $4,800.
Pundit expects an ETH value of 0.15 BTC should BTC hit $32k pre-MergeRenowned crypto analyst Crypto Kaleo (@cryptokaleo) took to Twitter to share his market thoughts. “If anything has a chance of making it back to the highs from here, it’s ETH,” the anonymous crypto trader said to his large following.
Kaleo further mentioned that ETH could soar back to the $4,800 levels as the Merge approaches if certain conditions are met. According to him, if BTC can reclaim the $32k zone and the ETH/BTC pair reaches the previous ATH of 0.15 before the Ethereum Merge occurs, the community would be witnessing an ETH price of $4,800. ETH is currently trading at 0.085 BTC.