Ethereum Targeting $600-$800, Bullish Traders Expect

News
Mon, 02/03/2020 - 13:07
article image
Yuri Molchan
Ethereum (ETH) has reached the $190 level and traders are now bullish on it to hit $400 and aim higher
Ethereum Targeting $600-$800, Bullish Traders Expect
Cover image via 123rf.com
Contents

The second largest cryptocurrency, ETH, had been trading flat in the $180 area recently until, on February 2, it managed to spike to the $190 mark. This is where ETH is trading at the moment, as per data provided by CoinMarketCap.

The overall market sentiment around Ethereum looks bullish, both short term and long term.

‘ETH to pump to at least $400’

An Ethereum investor @jarzoombek has recently tweeted an ETH chart, stating that the coin is now ready to soar to at least $400 this year. He posted the tweet on Saturday and since then, ETH has risen to $190 already.

ETH 1
Image via Twitter

‘On to $600-800 we go!’

Crypto analyst @CryptoMichNL seems bullish on ETH too. His target for the Ethereum price is $600 or even $800. He posted a comment, replying to a tweet by the ‘Galaxy’ trader, who is also bullish on ETH.

On the chart ‘Galaxy’ shared on his Twitter page on Sunday, he points to the growth ETH is making.

ETH 2
Image via Twitter

Related Ethereum (ETH) Price to Test $200, 2020 Will Be Incredible: Crypto Analyst
Related
Ethereum (ETH) Price to Test $200, 2020 Will Be Incredible: Crypto Analyst

‘Ethereum will lead the bull market’

Trader known as ‘CryptoWolf’ has been tweeting bullish posts on Ethereum recently, emphasizing the high prospects of the second largest currency in 2020.

Earlier today, he tweeted:

“Ethereum will lead the bull market, exactly as it did in 2017.”

In the comment thread, some users disagreed with ‘CryptoWolf’, saying that ETH led the bull market back in 2017 due to the ICO trend, since all new crypto projects initially emerged on Ethereum, later on migrating to their mainnets, including such crypto behemoths as EOS and Tron (now strongly competing with Ethereum), as well as the largest digital trader Binance with its BNB token.

Overall in the comments to ‘CryptoWolf’s’ post, users are sure that the next bull run will be led by altcoins and are offering their favorites – LINK, VET, XTZ, etc.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.