Ethereum

Cryptocurrency

April

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 <p class="paragraph">As the majority of assets in the cryptocurrency market continue to trade in the green, Ethereum (ETH) is no exception, and its slow but sure advance could lead the second-largest digital asset by market capitalization to the critical psychological level of $2,000 in a matter of <a rel="noopener noreferrer nofollow" title="weeks" href="https://thebittimes.com/tag/weeks.html">weeks</a>.</p>
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 <p class="paragraph">Specifically, as cryptocurrency analyst <em>Crypto Tony</em> pointed out, “the altcoin market looks to be heating up nicely,” its gains led by the largest altcoin of them all, and “$2,000 ETH is only a few <a rel="noopener noreferrer nofollow" title="weeks" href="https://thebittimes.com/tag/weeks.html">weeks</a> away, I would say personally,” as he explained in an X post published on November 2.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/1Ytsf_2NGiTo0evi4VXAvCxvhiMT7sG9Xg31AFeAsdpP4M_T9skAeijXvc3mHJ3CADtSYEA8PAf_4KPPKzvnTJ03p528e-KuI8H9e2iKZ7AB1VHiAIWl75UTjfHyNTL0jW1dc2g_JAFM5iSvrygnja4" alt>
  <figcaption class="wp-element-caption"><em>Ethereum price action analysis. Source: </em><em>Crypto Tony</em>
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 <p class="paragraph">Indeed, Ethereum’s next stop could be $2,000, which is the area that it last time briefly reached back in mid-July and traded in for a bit longer earlier in April this year, and which is currently acting as resistance for this crypto asset.</p>
 <p class="paragraph">In addition to the analyst’s optimistic view of Ethereum, the 1-week technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) sentiment gauges over at the finance and crypto analytics platform <em>TradingView</em> are bullish too, suggesting a ‘buy’ at 9, which is the summary of oscillators in the ‘neutral’ at 8, and moving averages (MA) pointing at a ‘strong buy’ at 8.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/9bpkzV5TWYsxvSpWfhf1qd0bKFLQDfvFBJhJs0G9uht8qxHsRr0a_Ej4G6jaYxnVdlFMMrw82eDFAal6qRTY1g9-lu9UqCSOO44lL8Sc-_OEspfYgIl6MqMK5earasZQGKGK_QSU5naxAc-rXkXfDoQ" alt>
  <figcaption class="wp-element-caption"><em>Ethereum 1-week sentiment gauges. Source: </em><em>TradingView</em>
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 <h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum price analysis</h2>
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 <p class="paragraph">As things stand, Ethereum is currently changing hands at the price of $1,827.09, recording a 1.53% gain in the last 24 hours, as well as advancing 0.42% across the previous seven days, and adding to the more significant increase of 10.37% over the past month, as the most recent charts demonstrate.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/P1_fHK1tquEYvgYiWwGDbyiVwy_5qlVb0sKO_wDOrpmzAVuyaeb5rsCU613cmTZq_ZN7XR0adyFUSZoNWbaAo_Zl66fK5hv2AK8nCq5UnKo3V-K8B_2MwWnPqt0L_K5of-74rGRq-eV13iaLOGgwS6Q" alt>
  <figcaption class="wp-element-caption"><em>Ethereum 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Ethereum’s current price is not far from the $2,000 level, and its previous behavior demonstrates that this price zone is not unattainable for the digital asset, particularly as November 1 marks the peak of new addresses created on the network since October 7, and its supplies on crypto exchanges continue to drop.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-at-2-000-a-few-weeks-away-says-expert-tbt68833.html">https://thebittimes.com/ethereum-at-2-000-a-few-weeks-away-says-expert-tbt68833.html</a></p>

Ethereum at $2,000 a ‘few weeks away,’ says expert

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