Market Analysts Evaluate Recent Trends in Ethereum and Altcoins

You can also read this news on COINTURK NEWS: Market Analysts Evaluate Recent Trends in Ethereum and Altcoins

The cryptocurrency market continues to hover above $98,000 as the last Sunday of November approaches. Ethereum (ETH) has surpassed $3,400, triggering excitement in the altcoin sector. However, some leading altcoins like ADA and XRP are stagnant. What are the latest predictions for NEIRO, WLD, SEI, and ETH?

Ethereum (ETH) Price Prediction

For an exciting upward trend among altcoins to commence, ETH needs to reach new highs. This would weaken Bitcoin ‘s market dominance, redirecting liquidity towards altcoins in anticipation of more significant opportunities. The ETH price has yet to reach its yearly peak and is currently testing an eight-year trend line against BTC.

Following the low level seen in April 2021, rising reversal expectations in the ETH/BTC pair have raised hopes among altcoin investors. Trader Tardigrade recently shared an ETH chart that boosts investor optimism. The analyst stated:

“Ethereum LTF (2-hour) Cup and Handle Formation. ETH is currently retesting the neckline of the Cup and Handle Formation. The Cup target is $3820.”

According to the analyst, the $3,820 level will soon be tested, paving the way for a potential $5,000 journey while altcoins could see 5-10x returns.

Predictions for NEIRO, WLD, and SEI Coins

Sam Altman, currently the CEO of OpenAI and a prominent figure in artificial intelligence, is also among the founders of WLD Coin. Therefore, WLD Coin has significant potential for gains in the medium and long term. Ali Charts has reported that due to the H&S model targeting $4, there are opportunities for easy profits for investors.

TraderSZ commented on NEIRO:

“I believe this is the bottom I shared a few days ago regarding long-term scaling. In the worst case, I am making a swing error. I don’t anticipate this with the appearance of Eth. I will accumulate above the mid-range.”

According to the analyst’s chart, the target is $0.0048. CryptoBullet recently shared a chart for SEI Coin, aiming for levels between $1.15 and $3.37.

The post Market Analysts Evaluate Recent Trends in Ethereum and Altcoins appeared first on COINTURK NEWS.