Analysts predict a parabolic price rally in Ethereum (ETH) as institutional capital flows increase. Vitalik Buterin, co-founder of Ethereum (ETH), recently argued that Ethereum (ETH) is more decentralized than its competitors. Analyst Benjamin Cowen predicted a possible breakout in Ethereum (ETH) price after the altcoin ended the long sideways movement. Details are on Kriptokoin.com.
Corporate money pouring into the altcoin project
Vitalik Buterin, co-founder of the leading altcoin, does not expect the time required to add a block to the chain on Ethereum will decrease further as the altcoin’s future rivals. argues that it is not central. If the uptrend is maintained, the Ethereum price may enter a parabolic rally, Cowen argues. Analyst Benjamin Cowen predicts a parabolic Ethereum price rally. In a recent Reddit thread, Ethereum co-founder Vitalik Buterin argues that making block time faster could threaten the decentralization of the network. On the other hand, Solana, a major competitor with a highly centralized network, seems to have a huge economic advantage over the largest altcoin, for example.
Analyst Benjamin Cowen evaluated the Ethereum price trend and predicted an explosive rally in the altcoin. News of the next hardfork, lower transaction fees and higher institutional investment in Ethereum fueled the bullish outlook for investors. The analyst states that the Ethereum price has left the long sideways course behind and is ready to target $7000-8000. Cowen says:
Let’s say we get out of this downtrend by summer and return to previous all-time highs, and then Ethereum explodes and we start trending higher, maybe $7,000-8,000. And then we have to go horizontal for half a year.
Ethereum price, which survived last week’s bloodbath, crossed $3,000 and gained 10% last week. @kingthies, a cryptocurrency analyst and trader, believes that the Ethereum price could reach $3,600 if the trajectory of the current uptrend continues. Fxstreet crypto analysts predict that if the Ethereum price drops below $3,000, it could liquidate the bulls.
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