- Reputed silver-tongued analyst shares bullish ETH report.
- He goes on to explain why he is insanely bullish on Ethereum.
- Ethereum expected to pump exponentially this bull cycle.
The latest crypto market dump which led to $110 billion to wipe out and BTC price to drop to almost $90,000 may also lead to Ethereum’s worst February close if the pioneer crypto asset closes below $2,400. A reputed silver-tongued analyst shares his bullish ETH report and explains why he is insanely bullish on Ethereum.
Reputed Analyst Shares Bullish ETH Report
As we can see from the post above, the popular Doctor Profit, known for his many accurate predictions, shares a detailed report on ETH and why he is insanely bullish on Ethereum. To start, he highlights the strong high-timeframe signals via technical analysis. Here he highlights four signals in particular.
Details of the Bullish ETH Report
Firstly, the 200-week EMA, a historic key support for Ethereum. Here, he states that the rewards could be outstanding with a move towards $8,000 to $10,000 ETH ATH targets. Secondly, he highlights the multi-year ascending channel. This marks ETH’s path upwards which will begin once ETH price breaks out of the $4,000 price level.
Next, he marks the weekly ascending triangle and draws light to the massive set up in the form of an ascending triangle pattern. The same setup also seems to be on the XRP price chart. Both XRP and ETH could pump exponentially in the coming weeks ahead. Finally, he talks about the high liquidity present at the level of $4,000.
In conclusion, the analyst says that ETH is currently one of the most ignored assets in the market. Retail is bored and disinterested while FUD is high. However, Institutions are accumulating and ETH is trading at a major long-term support level, where it has historically reversed. Finally, he ends the report by saying the risk-reward is excellent, and those waiting for a perfect bottom may miss the move entirely.
