Analyst eyes Ether ‘major push’ to $3.5K amid traders betting on upswing
A crypto analyst says Ether could make a “major push” to $3,500 if it holds a $2,800 weekly close, and futures traders are betting on an upward move.
Ether’s price chart is signaling a potential rise to levels not seen since the launch of spot Ether exchange-traded funds (ETFs) in July, but analysts believe a weekly close at $2,800 is needed to confirm the move.
“If Ethereum can close a weekly above $2,800, I do think Ethereum is going to see a major push toward this upper $3,500, $3,600 area, which will also propel the alts,” crypto analyst Matthew Hyland said in an Aug. 24 analysis video.
The Ether (ETH) price is currently trading at $2,758, following a week of trading around $2,600 since Aug. 17, according to per CoinMarketCap.
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Author: Ciaran Lyons
