The famous Cryptocurrency analyst Inhortal expressed his bullish sentiment towards Ethereum, emphasizing its significant growth potential. Compared with the past performance of Bitcoin, Inhortal believes that the current price of $2000 of Ethereum is similar to the structural strength when Bitcoin was valued at $6000 in 2019
The famous Cryptocurrency analyst Inhortal expressed his bullish sentiment towards Ethereum, emphasizing its significant growth potential. Compared with the past performance of Bitcoin, Inhortal believes that the current price of $2000 of Ethereum is similar to the structural strength when Bitcoin was valued at $6000 in 2019. In addition, analysts emphasized that Ethereum has continued to form a higher low point since the summer of 2022, and added that there is a positive prospect.
The bullish structure of Ethereum
The analysis of Inhortal has aroused people's attention to the bullish structure of Ethereum. The current price of $2000 is seen as a reflection of Bitcoin's historical price fluctuations, indicating its potential for rapid expansion. The analyst pointed out that since the middle of 2022, Ethereum has been forming a higher low point at the macro level, further supporting the optimistic view.
So far, the trading price of Ethereum is US $1831, down 2.75% in the past 24 hours. It must be taken into account that, like any other Cryptocurrency, the price changes of Ethereum will also be affected by market fluctuations. However, Immortal's analysis focuses on the long-term potential of assets, rather than short-term volatility.
The optimistic prospect of Cryptocurrency market
In addition to Ethereum, Inhortal is optimistic about the overall encryption market in the coming year. Analysts believe that over time, prices in the entire market will rise significantly. In the long run, Immortal suggests that investors focus on accumulating assets rather than closely monitoring short-term price fluctuations. According to analysis, Bitcoin (BTC) has the potential to reach $35000, despite its current price of $30103.
Immortal stated that it is only a matter of time before the BTC price increases to $35000. Analysts predict that Bitcoin will exhibit a positive trajectory, indicating that despite its current price level, there is still potential for growth in the near future.
Immortal also provides insights on how to correctly interpret crowd emotions. This analyst stated that bearish sentiment, accompanied by high participation, reflects the skepticism of market participants, while bullish sentiment and high participation indicate greed and the possibility that investors may face losses in the later stages if the market experiences a downturn. It is crucial to consider these factors when analyzing market behavior.
conclusion
According to the analysis of Inhortal, Ethereum shows good signs of Exponential growth. The analyst believes that the current price of Ethereum is undervalued and has the potential to rise in the future, similar to Bitcoin. Inhortal's long-term vision and optimism towards the Cryptocurrency market encourage investors to focus on asset accumulation rather than short-term price fluctuations. Cryptocurrency enthusiasts and market participants pay close attention to the performance of Ethereum because they expect its rising trajectory.
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