- At the time of writing, ETH is trading at $1881, down 0.07% in the last 24 hours.
- The price has been trading in a confined range, struggling to break above $1914 level.
Bluntz, a well-known crypto analyst and trader who accurately predicted Bitcoin’s price bottom in 2018, has predicted that Ethereum would have a significant climb in the coming months. The expert has made an optimistic prediction and observation on ETH.
The analyst published a graphic on Twitter predicting a surge in price of ETH to around $2,400 during the next few months. Moreover, numerous experts feel that the chance of a fall in Ethereum would lessen if Bitcoin continues to increase.
Moreover, the data from CoinShares shows that Ethereum and Solana are attracting the most altcoin fund inflows. The report states that over the previous week, ETH experienced inflows totaling $17.5 million.
Trading in a Confined Range
The price of Ethereum, which is presently trading at $1881, is showing symptoms of losing its bullish momentum as it struggles to break over the recent high at $1914. In particular, a formation breakthrough over the $1914 level that has been active in recent days may lead to more price gains.
At the time of writing, ETH is trading at $1881, down 0.07% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 4.19%. The price has been facing strong resistance and has been trading in a confined range, struggling to break above $1914 level.
If the price manages to go past this level, then it will likely test the $2000 level. Further uptick will likely see price moving towards $2123 resistance level. However, if the price goes below $1857 then it will likely move towards the $1783 support area.
