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Analyst bullish on ETH, confident it will move upward all the way to $363

Analytics

www.chepicap.com 30 June 2019 07:00, UTC
  
Reading time: ~2 m

Analyst believes that Ethereum is gearing back to move upwards all the way to $363.

The last couple of weeks have been pretty exciting for Ethereum. The 2nd largest crypto by market cap has seen its new yearly-high, which followed by significant dip multiple times.

Regardless, some analysts believe that the best is yet to come for ETH as it is said to be ready to continue its upward move all the way to $363.

Renowned crypto analyst, the Cryptomist tweeted that ETH has until August (from now) to hold above its RSI support, meaning that it would need another 1 month before it makes a decisive move to either up or down.

$Eth

My loyal followers would remember when I posted that long term btc support that had to break ..remember? Well Eth has the same one!

This RSI support has now till August to break - Support test approaching: one more bounce?

304 holding as past resistance pic.twitter.com/hGFugQvs6o

— The Cryptomist (@TheCryptomist) June 28, 2019

On the other hand, another popular analyst, Harald Weygand seems to be pretty confident that ETH is preparing to move back towards its recently established highs, without mentioning any time delays, unlike Cryptomist.

#Ethereum

Sell Off is over, i expect a re-attack of the pricemark at 363 USD.$ETH $ETHUSD #Cryptos pic.twitter.com/8rbnTmCzpJ

— Harald Weygand (@weygand_gmt) June 29, 2019

As of writing time, it’s traded at $318 in several exchanges after seeing almost 7% gain in the last 24 hours.

ETHUSD Chart

ETHUSD Chart provided by TradingView

Stick with Chepicap to find out which prediction will come true.


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