Traders expect Ethereum to rally as it rises to $7000

Several well-known participants of the crypto market shared their forecasts regarding the value of etherium.

For example, trader @follis is confident that ETH is on the verge of a large-scale price increase, and compared the behavior of the asset with the movements of bitcoin before the pump at the end of last year. In his opinion, if the current trend continues, then the Ethereum rate could reach $7,000 by the end of 2024.

Another trader under the nickname CryptoBullet has a similar viewpoint. He too suggests that the price of ETH will soon demonstrate a bullish trend.

Analyst il Capo Of Crypto also agrees with them. According to his expert estimates, etherium has a significant growth potential and the next few weeks will be positive for the entire altcoin market.

The expert @TheMoonCat also joined the supporters of positive forecasts, pointing out that the technical analysis figure "double bottom" indicates good prospects for growth of the cryptocurrency.

Note that large investors also believe in the growth of ETH. This is evidenced by the resumption of purchases of the asset on the part of cryptoites. In addition, it is worth remembering that the market is waiting for the imminent launch of spot Ethereum-ETFs. And, according to analysts at K33 Research, etherium will be able to overtake bitcoin in terms of profitability.