Ethereum

Narrative

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 <p>A widely followed crypto strategist believes that one under-the-radar Ethereum (ETH) scaling solution is on track to more than double in price.</p>
 <p>Pseudonymous crypto strategist Pentoshi tells his 727,200 followers on the social media platform X that layer-2 rollup platform Metis (METIS) could be setting up to soar more than 141% from its current value.</p>
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 <p><em>“METIS: if given, $48-$56 a good entry imo (in my opinion). </em></p>
 <p><em>I’m in from lower fwiw (for what it’s worth). Narrative heating up for Q1 with a lot of good upcoming fundamentals.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCOee-1WIAAIx33?format=jpg&amp;name=4096x4096" alt="Image" width="2696" height="1404">
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   Source: Pentoshi/X
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 <p>Looking at the trader’s chart, he suggests that METIS could ride upward momentum to the next major supply area near $175.</p>
 <p>METIS is trading for $72.41 at time of writing, up 25.4% in the last 24 hours.</p>
 <p>Pentoshi also previously predicted that ETH could soar by more than 50% from its current value in 2024 due to one catalyst.</p>
 <p>He believes if spot market Bitcoin (BTC) traded funds (ETFs) are approved then the approval of spot Ethereum exchange-traded funds (ETFs) could soon follow. Asset management firms including BlackRock, Fidelity and Hashdex have filed applications for spot-based Ethereum ETFs with the U.S. Securities and Exchange Commission (SEC).</p>
 <p>Pentoshi believes the focus could soon shift to the possibility of ETH ETFs and spark bullish momentum, sending ETH past the $3,400 level as investors anticipate the event.</p>
 <p>Ethereum is trading for $2,206 at time of writing, down 3.2% in the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/top-trader-reveals-141-price-target-for-under-the-radar-ethereum-altcoin-on-the-move-tbt74818.html">https://thebittimes.com/top-trader-reveals-141-price-target-for-under-the-radar-ethereum-altcoin-on-the-move-tbt74818.html</a></p>

Top Trader Reveals 141% Price Target for Under-the-Radar Ethereum Altcoin on the Move

TheBitTimes

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