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  • Ethereum price should start tackling the $3500 mark soon
  • A push to the $3800-$4000 level does not seem to be amiss in the short term
  • Positive vives returning to the crypto market after a small retracement with Ethereum no exception.

The Ethereum price seems to be consolidating for another massive rise as the bull market in crypto returns. At present, ETH is trading at the $3300 level and is expected to continue rising slowly until it encounters considerable resistance at the $3500 level.

Although there has been some talk about increased crypto regulation, this does not seem to have affected the market considerably. Ethereum is expected to continue rising slowly although it will take a while before it reaches its All Time High again.

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Short Term Prediction For Ethereum Price: A Slow And Measured Rise

The Ethereum price has appreciated by no less than 90% from its July 20 low and its ascending triangle remains intact. The support line at $3000 appears to have held strongly and there does not seem to be much cause for concern for a drop with this bullish market.

A bullish thesis would see the Ethereum price make an immediate beeline for the $3500 mark after which it would continue to rise accordingly until it encounters the next level of resistance at the $3800 mark. This would seem to be the most likely scenario for the next week or so.

Alternatively, a bullish thesis would invalidate this prediction. If that were to pan out, the Ethereum price would once again sink to the $3000 level where it should find support. However, a panic sell off could also push the price further down to the $2700 mark after which it should stabilize for the next rise. This bearish scenario seems unlikely to pan out however.

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Long Term Prediction For Ethereum: Bullish Scenario Should Continue To Prevail

The Ethereum price should continue to appreciate slowly as the crypto market bull run picks up speed. Although Ethereum does have some rivals which can continue to grow in influence, it remains the world’s second largest cryptocurrency by market cap.

Some analysts are predicting that Ethereum may even overcome Bitcoin over the next five years although that is quite a tall order. It has risen around 3000% over the past year which is much more than Bitcoin’s rise so this could actually happen.

Ethereum does seem to be primed for greater things though over a long-term period.

Where to Buy Ethereum

If you want to purchase Ethereum, you can do so on the following exchanges:

    • eToro
      eToro is one of the trusted exchange platforms in the crypto space. eToro supports copy trading, which allows new traders to learn from market experts. eToro also charges low trading fees and commissions.
    • Binance
      The other platform where you can buy ETH is Binance. Binance is one of the largest exchange platforms. It supports a wide range of cryptocurrencies and trading pairs. It also offers user-friendly features.

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