Popular analyst: Ethereum price could surge to $3000 soon

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Ethereum (ETH) price was expected to surge with the launch of ETH 2.0 Phase 0 Beacon chain, but the price trends within a narrow region. However, the bullish sentiment still surrounds it as many experts and analysts believe ETH price rally may make the holders a millionaire this year.

Currently, the price is on the verge to regain the previous positions around the all-time high very soon with a V-shaped recovery. Once the price smashes the ATH, the path towards the higher levels are clear. According to a popular analyst The Moon, Ethereum price may hit as high as $3000 any day soon.

Additionally, the dip from the all-time high levels around $2152 to the recent lows at $1930 is speculated as a last chance to accumulate ETH below $2K. As said by analyst Galaxy, the price is expected to surge from now until the price hits $3000 per ETH.

Bears May Take Over the Ethereum Price Rally 

The ETH price rally seems to have a steady approach without steep jumps and pumps unlike Bitcoin (BTC). The price, despite being considered as undervalued by many analysts, moves close to the MA levels. 

The price is likely to rally close to $2500 by the end of this month, however, a slight pull back may also be underway. According to analysts, Helical Trades, Ethereum price may drop below $2000 before a surge to the levels above $2300.

The analysts mentioned that the price has four main pressure zones which can control the price movements before the BTC price surge:

  • Resistance Zone in between $2073 and $2093
  • Pressure Zone in between $1973 and $1994
  • Pressure Zone in between $1912 and $1932
  • Support Zone in between $1840 and $1860

If ETH price holds strong in the current pressure zone, then the price may break the resistance level and surge more. Else, the ETH price may slide towards the support zone as the 200-MA line is trending in this region. 

Ethereum Popularity on YouTube Surpasses Bitcoin

According to a report by Total Processing, Ethereum (ETH) is the most-watched cryptocurrency on YouTube. The world’s second largest cryptocurrency has clocked over 231 million views, even more than Bitcoin.

In contrast, Bitcoin has a little under 200 million views. Other top-ranking cryptocurrencies such as LINKCardano, and Ripple achieved 45 million, 43 million, and 38 million views respectively.

Notably, Total Processing based the report on a study of over 10,000 videos. It reviewed 1,000 videos per crypto, to make sure it was an even playing field.

Lately, mainstream crypto adoption has increased, partly due to the great performance of cryptos to date. The recent rise in crypto interest is also due to high institutional investments. As more and more companies have started adding cryptocurrencies to their balance sheets there has been a marked rise in crypto-related searches.

Actually, Cardano recently broke a Google (NASDAQ:GOOGL) search record that was set in 2017. The altcoin sparked a lot of interest prior to its Mary hard fork. Meanwhile, Google Finance also added a ‘Crypto’ tab to cater to the rise in crypto searches.

Additionally, ETH weathered the crypto market slump better than most cryptos, such as Bitcoin.

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