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Price Analysis

Ethereum Traders Expect ETH/USDT to Go Parabolic Towards $10-$15k



Ethereum price prediction cryptotelegram

Ethereum prices are–not surprising, moving in lock-step with Bitcoin.

As of writing, ETH is stable on the last trading day, mirroring the cool-off in BTC, which is also steady above $62k.

This follows an ecstatic performance on the tail-end of last week that lifted altcoins, including ETH.

Ethereum Market Performance and Price Status

At present, though, ETH is capped though the uptrend is still valid.

While fundamental events in digital gold may move the market, impacting ETH, the coin has a broader base, evolving into a go-to smart contracting platform that’s actively building.

Technically—and spurred by fundamental events–, candlestick arrangements favor buyers.

Ethereum Daily Price Chart for October 18

There are spinning tops in the daily chart. Nonetheless, this may be inconsequential since they are with low trading volumes. As such, last week’s buyers stand a chance from an Effort-versus-Results perspective.

Out of this, therefore, aggressive traders may search for entries buying the dip in anticipation of buy trend continuation above $4k towards an all-time high.

In the short-to-medium term, the reaction at $4k—around September 2021 highs—would shape the ETH/USDT trend.

A close above this stubborn resistance line would ignite demand which could see ETH print a new all-time high by the end of the year.

On the flip side, losses below the primary support trend line and specifically $3.4k may force many traders to liquidate.

$10k Is Around the Corner for Ethereum

Despite the cool-off, it is the view of one trader on Twitter that ETH/USDT is setting out for a price expansion above $4k.

Once the resistance level is broken, the analyst predicts, Ethereum prices would quickly soar to new territories, more than doubling to $10k.

In his view, any correction from spot levels preceding the break above $4k is the necessary spring lifting the coin higher in a buy trend continuation and price discovery.

ETH Traders Buckle Up for the “Moon”

This is the view of yet another trader who thinks the primary drivers for ETH price going forward are fundamental events.

The analyst picks out the existing ETH narrative.

Analysts are convinced ETH is a superior investment asset judging from the activity and the solid numbers it has been printing recently.

Combining this with upgrades like EIP-1559 causing artificial scarcity, upcoming developments merging Eth1 and Eth2 leading to staking kick-started by Altair, the future looks bright for ETH.

For this reason, the analyst is optimistic, expecting a rally to the moon.

Ethereum Will Explode To $15k—Eventually

Crypto FOMO on YouTube is bullish on Ethereum, expecting prices to soar to $15k eventually.

Even so, the trader predicts ETH/USDT prices to pull back from spot rates. This way, it would form a local top where ETH may slide 10 percent to around $3.6k.

That may be the base for another swing higher above $4k in a buy trend continuation pattern. As such, the trader predicts ETH to pump towards $15k in the weeks/months ahead.

Charts courtesy of Trading View

Disclaimer: Opinions expressed are not investment advice. Do your research.


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