The past two days have been amazing for the crypto market because the much-awaited bulls arrived.
Bitcoin managed to trigger excitement for crypto enthusiasts when it surged past $5,000 making sure to lead the way for all the other cryptocurrencies as well.
A particular coin that enjoyed the benefits of the most recent bull was Ethereum.
The coin is currently priced at $164.67 on Coinmarketcap, and it’s seen a 20% rise over the past seven trading days with a further 31% price surge over the past month.
Investinblockchain crypto experts believe that another surge is on the way and the token could reach $200.
“The recent price increase has caused ETH/USD to break above a long term symmetrical triangle pattern that the market has been trading within for over four months. The breakout has now allowed the market to climb above the $150 handle as it now makes the run toward $200.”
The online publication continues and details all the tech indicators which support this prediction, and we recommend that you head over to the original article and take a look at their explanations.
Bullish ETH price prediction for April
Crypto analyst ScienceGuy9489 is back with more predictions, as reported by Investinblockchain.
“He had calculated this figure by taking the support at $80 from the 2018 high at $1,420 ($1420 – $80 = $1340). He went on to divide the result by 2 and then added this figure to the 2018 high to reach $2,090,” the online publication explains.
ScienceGuy seems that he did not stop there are he took things even further saying that ETH will have a breakout date: April 24.
Things have finally started to move in the crypto space pricewise as well, and it’s like a breath of fresh air after the bearish trend that dominated the market throughout 2018.