crypto strategy

The price of Ethereum (ETH) could exceed $2,000 by the end of September! Here is the next strategy

  • Ethereum price is showing some strength as it regained the value above $1500 in a very short period of time

  • While many technicals point to a noticeable rally ahead, the erratic price behavior is contributing to excessive skepticism in the space.

This is an important moment for Ethereum as the final phase of the merger will begin on September 06, and it is believed that the price of ETH could rise by decent margins as market sentiments for the asset roll up. .

While many believe that the current rally is nothing but a short squeeze that will eventually lead to a huge price drop ahead. However, crushing the bearish trajectory, a popular analyst, Micheal van de Poppe, believes that the price of ETH could reach $2200 after the merger.

The analyst says market sentiments are turning positive as participants await the merger and expect the event to lift the crypto space out of bearish captivity. There are a few situations that may arise for the upcoming asset.

The asset, in the midst of the current recovery, may continue to rise and reach $1600. It might even drop sharply to $600. The gray area is that it could hold a slight upside towards $1770 and dip further after suffering a noticeable rejection.



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