Ethereum Price Up For Another 31% Spike, ETH Price At $1700 ?
The worlds first cryptocurrency, Bitcoin, is hovering between $22,000 and $23,000 level. In the early hours today, the flagship currency did surpass its crucial level of $23K before making a slight downfall. However, the overall crypto market is flashing a positive sign with Ethereum, XRP, BNB, Cardano, Solana and other major altcoins trading green.
At the time of publishing, Bitcoin is selling at $22,992 after a surge of 1.27% over the last 24hrs.
Meanwhile, a renowned crypto trader and strategist who is anonymously known as Altcoin Sherpa is forecasting a bullish target for Ethereum, XRP, and Aptos. The analyst addresses his 189,700 Twitter followers saying the second largest cryptocurrency by market cap, Ethereum, is now testing its important support level of $1,5000. Hence, the analyst believes this lead altcoin will see another 31% upward movement and surpass the $2000 area in the coming days.
At the time of writing, Ethereum is valued at $1,606 with an upswing of 3.37% over the last 24hrs.
The next currency that has caught the strategists attention is Ripples XRP on which he is positive. Recently, XRP was not in a good position as it was underperforming compared to other altcoins. However, now Altcoin Sherpa claims that XRP is all set to make its move towards $0.50 once the altcoin surpasses a resistance of $0.44.
Currently, XRP has gained 0.19% over the last 24hrs and is now trading at $0.4112.
Next, the strategist talks about Aptos which has gained 112% in the last one week. As per Altcoin Sherpa, this Solana competitor will see a bull run towards a high of $23.70 very shortly.
At the moment, Aptos is changing hands at $18.94 after an upwards movement of 39.44% in the span of a day.
Lastly, the analyst winds up his analysis with Lido (LDO) which is an Ethereum staking service. As per Altcoin Sherpa, Lido is about to witness a correction.