Ethereum’s Price Could Rapidly Rise to $750 – Crypto Analyst
According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750
If $750 is broken, Ethereum could very well push higher to $830
His analysis is based on Ethereum moving within a parallel channel since February this year
Ethereum will continue facing pullbacks but a retest of its all-time high is possible
The month of November is quickly coming to a close and the digital asset of Ethereum (ETH) is once again above $500. But for that to happen, ETH could first experience a pullback or brief consolidation within a parallel channel that has its genesis in February of this year.
So, if this area doesn’t act as resistance, and if the top of the proposed channel is surpassed, I think price could rapidly rise to the 50% retrace (around $750) and then the pivot high of $830. Such investor confidence is very bullish for Ethereum in the long term and one reason ETH could retest its all-time high value.