finbold.com
After enduring a challenging and turbulent year in 2022, the cryptocurrency market, and notably Ethereum (ETH), has experienced a remarkable resurgence in 2023.
Following a period of extensive market volatility, sharp declines, and lingering uncertainties, crypto prices have staged a powerful rebound, giving investors a much-needed sense of relief.
Moreover, things could get even better for Ethereum, leading crypto analyst Michaël van de Poppe thinks. According to the expert in a tweet on May 24, the world’s second-biggest cryptocurrency broke above a key resistance level, and defending that area will likely lead to another major leap toward $2,000.
“Ethereum broke above the crucial $1,825 area. As long as that holds, and buyers are stepping in, I expect a rally towards $2,000.”
– the analyst wrote in the tweet.
Earlier this week, Finbold tapped the machine learning algorithm at the Price Predictions analytics platform, which set the price of Ether at $1,792 on June 1, 2023. The forecast implies a potential downside of around 1.4% from the current price.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.