David Keller, a prominent market strategist, recently took to Twitter to express his bullish outlook on Ethereum. Keller, who serves as the Chief Market Strategist at StockCharts.com, stated that Ethereum had seen a significant rally, with ETH/USD up 60% since June 2022.
Despite the impressive gains, Keller believes there’s even more potential for the world’s second-largest cryptocurrency by market capitalization. In his tweet, he noted that a follow-through above resistance at $1,700 could clear the way for Ethereum to reach $2,000 and beyond.
Investors and traders alike will be closely watching Ethereum’s performance in the coming days and weeks, eager to see if Keller’s prediction will come to fruition. As the crypto market continues to evolve and mature, Ethereum’s performance will be a crucial barometer of the overall sentiment in the space.
Regardless of what the future holds, one thing is certain – Ethereum’s recent rally is a testament to its growing popularity and adoption, and Keller’s bullish outlook is yet another sign of the increasing confidence in the crypto asset.
Ethereum Rallies 7% As Analyst Predicts Further Upsides
Ethereum, the world’s second-largest cryptocurrency by market capitalization, is up over 7% and currently trading at $1,669.01. The coin marked today’s highs at $1,688.01 and could potentially rise further if it clears the $1,700 resistance zone.
Earlier today, ETH gained momentum and rallied above the $1,660 resistance zone. There was also a break above a major bearish trend line with resistance near $1,580 yesterday, which has paved the way for further upsides.
In the past few days, it has found a strong support near the $1,540 zone, allowing the price to form a base and start a fresh increase above the $1,600 resistance zone. Additionally, the weekly chart of ETH looks promising, with a gain of 4.11% and a 60% trading volume in the last 24 hours.
However, as ETH consolidates its gains, analysts, and traders will closely watch the crypto asset to see if it can clear the $1,700 resistance zone. If it does, it could signal further upside for Ethereum, which might be at $2,000.
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