- $2,000 ETH price reclamation inches closer.
- Bullish analysts share high possibilities for ETH price to surge.
- ETH price can hit $2,200, before a final fall to bear market bottom prices.
The crypto market continues to trade at a stagnant, but slightly bullish pace. At the moment, the price of ETH is trading in the $1,900 price range, showing that the asset has maintained a bullish momentum and could be preparing to reclaim much higher price targets over the coming days and weeks ahead. Now, $2,000 ETH price reclamation inches closer as bullish analysts share high possibilities.
$2,000 ETH Price Reclamation Inches Closer
The crypto community is slowly growing more bullish as several bearish analysts are sharing the opinion that bear market bottoms have already been printed. In particular, the price on ETH has been slowly trading at higher prices, going from targets under $1,500 to trading back up at the $1,900 price range. Many bullish analysts believe that ETH will soon reclaim the $2,000 price range and move towards higher targets.
As we can see from the post above, this trader is certain that the price of ETH will surge and reclaim higher prices. However, in his point of view, there will be one final drop which will allow the asset to set a new bear market bottom. In particular, he confirms that ETH has corrected into the $1,800 price zone and is moving through $1,900, meaning it will reclaim $2,000 soon.
What’s more, the price of ETH can surge as high as the $2,200 price range as BTC trades at $70,000. Following this, the analyst expects about 7 – 10 days of distribution before a final bottom zone for ETH plays out, which will lead ETH to bottom around the $1,200 price range. Once this bottom is set, the price of ETH is expected to surge back up and hit a new bullish ATH target at the $7,000 price range.
Bullish Analysts Share High Possibilities
Another popular analyst confirms nearly the same price pattern formation on the ETH price chart. To reiterate, ETH is expected to surge as high as the $2,200 price range and then fall back to set a final bear market bottom price, likely between the $800 – $1,300 price range, before beginning a new bullish cycle that will push the price of ETH towards a new ATH price, likely in the $7,000 price range.
Meanwhile, a final bullish forecast says that ETH is continuously holding its largest accumulation phase yet. This will soon result in a phenomenal bull run for the asset. At the moment, the bull run target for the price of the pioneer altcoin asset ETH lies at $5,000, $8,500, and $12,000. Will ETH truly be able to pull a bullish run over the coming months, or is $7,000 the only new target?
