The largest altcoin Ethereum also joined the Bitcoin (BTC) rally and ETH crossed $2,200.
ETH, which has increased by 4.3% in the last 24 hours, has increased its weekly gains to over 11% with this latest rise.
While investors were wondering whether ETH's rise will continue, popular analyst Ali Martinez made a bullish post about ETH.
Accordingly, the analyst examining the rise in Ethereum claimed that the mega rise in ETH will continue with the break of $ 2,200.
At this point, Ali Martinez argued in his first post that if ETH makes a weekly close above $ 2,150, the price could rise up to $ 3,500.
“If Ethereum makes a weekly close above $2,150, the way could be paved for an exciting uptrend.
In this case, we could be seeing ETH moving towards $2,600 and possibly even rising to $3,500!”
#Ethereum | If $ETH secures a sustained weekly candlestick close above $2,150, the path might be set for an exciting uptrend.
Targets in sight? We could be looking at #ETH marching towards $2,600, and possibly even soaring to $3,500! pic.twitter.com/EWg3mtZeo6
— Ali (@ali_charts) December 3, 2023
“It's Not Too Late to Invest in Ethereum!”
In his second post, Martinez argued that it is not too late for investors to invest in ETH.
Explaining that at this point, 5.85 million wallets purchased 43.8 million ETH between $ 1,900 and $ 2,100, the analyst stated that the current Ethereum price exceeding $ 2,000 offers a potentially positive purchasing opportunity.
“Ethereum being above $2,000 could be an important buying opportunity. Why? Because large amounts of ETH were purchased at these levels.
According to data from IntoTheBlock, 5.85 million wallets purchased approximately 43.8 million ETH between $1,900 and $2,100.
At this point, the range between $1,900 and $2,100 may become an important support level in the coming period. So it's not too late to join ETH!”
Ethereum continues to trade at $2,269 at the time of writing.
With #Ethereum above $2,000, it could be a prime buying moment. Why? A large volume of tokens were acquired around this level.
Data from @intotheblock reveals that 5.85 million wallets hold 43.8 million $ETH bought between $1,900 and $2,100. This range could become a significant… pic.twitter.com/OwYyqboJXn
— Ali (@ali_charts) December 3, 2023
*This is not investment advice.
