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- Macro analyst Remi Tetot says Ethereum will cross $15k in the next 6 months.
- Tetot shared an Ethereum-Bitcoin price movement comparison chart on Twitter.
- Technical Analyst Justin Bennett also replied and agreed with this prediction.
Remi Tetot, a Macro Analyst and the Co-Founder of Real Vision, recently shared a comparison of Bitcoin and Ethereum’s price movements in a chart. According to Tetot, Ethereum will cross the $15,000 mark in the next 6 months. He also cited the network effect as a contributor to the price action.
#Ethereum will cross $15k in the next 6 months…
The network effect in action! pic.twitter.com/zdHBajYmuM
— Remi Tetot (@Remi_Tetot) August 25, 2021
Recently, Ethereum’s London Hard fork led to changes in Ethereum’s price. As the upgrade introduced a deflationary mechanism for ETH, analysts seem to be in agreement that Ethereum may get massive upgrades as time moves forward.
It’s not always good. With the number of users flocking to the network, Ethereum’s gas fees also skyrocketed. The high burn rates were followed by a spike in ETH gas fees. However, analysts remain bullish on ETH.
Seeing Tetot’s tweet, another technical analyst chimed in saying that he agrees with the prediction that ETH will reach $15k in the next 6 months. Justin Bennett, technical analyst and founder of Cryptoacademy, shared his analysis.
Another massive ascending channel. 👀 Not shocked. $ETH pic.twitter.com/TJWJ8ZhEDq
— Justin Bennett (@JustinBennettFX) August 9, 2021
Bennett shared how ETH went through another massive ascending channel. An ascending channel is the price action enclosed between upward sloping parallel lines. This indicates a very bullish sentiment.