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Ethereum

According to KOL Nicholas Merten, the long-cycle top of ETH could increase four times the current ATH

November 6, 2021 - Around 2 mins mins to read

Analyst Nicholas Merten suppose i think The Ethereum (ETH) race has only just begun.

ETH rose to an all-time high (ATH) of $ 4,674 on Wednesday and is trading for $ 4,547 at press time.

In a new video on YouTube, Merten says the largest altcoin is showing solid momentum and is poised to “continue the trend”. According to him, the long-term cyclical spike in ETH could still be up to four times higher than its ATH.

“The long-term cyclical high for this general bull market will be $ 20,000. I really think ETH has tremendous potential to climb into the $ 15,000-20,000 range. That’s the overall target range and $ 20,000 is the bullish number I’m aiming for. “

According to KOL Nicholas Merten the long cycle top of ETH

The near-term target would be somewhere between $ 7.5,000-10,000, which is half of the valuation range above. That means Bitcoin will go up to $ 100,000 and then possibly to $ 200,000. “

Merten warns that he does not call himself an “expert” and merely says that the price range of $ 7,500 to $ 10,000 is a “very promising range”.

He thinks there could be a few days of decline or a week of stagnation and consolidation, but in general there won’t be the kind of correction that took place in May.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Dailyhodl

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Ethereum

According to KOL Nicholas Merten, the long-cycle top of ETH could increase four times the current ATH

Analyst Nicholas Merten suppose i think The Ethereum (ETH) race has only just begun.

ETH rose to an all-time high (ATH) of $ 4,674 on Wednesday and is trading for $ 4,547 at press time.

In a new video on YouTube, Merten says the largest altcoin is showing solid momentum and is poised to “continue the trend”. According to him, the long-term cyclical spike in ETH could still be up to four times higher than its ATH.

“The long-term cyclical high for this general bull market will be $ 20,000. I really think ETH has tremendous potential to climb into the $ 15,000-20,000 range. That’s the overall target range and $ 20,000 is the bullish number I’m aiming for. “

According to KOL Nicholas Merten the long cycle top of ETH

The near-term target would be somewhere between $ 7.5,000-10,000, which is half of the valuation range above. That means Bitcoin will go up to $ 100,000 and then possibly to $ 200,000. “

Merten warns that he does not call himself an “expert” and merely says that the price range of $ 7,500 to $ 10,000 is a “very promising range”.

He thinks there could be a few days of decline or a week of stagnation and consolidation, but in general there won’t be the kind of correction that took place in May.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Annie

According to Dailyhodl

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