Ethereum To See Massive Price Opportunity

Ethereum is surrounded by optimistic predicitons these days. Check out the latest reports about this below.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $2,088.

Check out the new predictions claiming that ETH will see a bright future ahead.

Former Goldman Sachs executive Raoul Pal says that there’s one big overlooked opportunity in the Ethereum (ETH) ecosystem.

He posted on Twitter the fact that CryptoPunks, one of the biggest non-fungible token (NFT) projects in existence, are starting to look appealing.

The Real Vision founder shares the floor price chart of CryptoPunks depicting declining prices, which he says could be an opportunity for bulls.

“Punks are starting to get very interesting… They have held up in dollar terms at around $100,000 but in ETH. The tax season plus Blur farming has led to near-distressed prices.

As ETH rises over time, excess gains get recycled into trophy assets, with a lag. Same as traditional art when stock markets have been strong.”

He continued and said the following:

“Low prices seem to be an opportunity if you think crypto rises a lot over the next few years, which I believe.”

An important crypto analyst Benjamin Cowen is updating his outlook for Ethereum (ETH) for the second half of the year as Bitcoin (BTC) enters the $30,000 level.

In a new strategy session, Cowen said that Ethereum might dip lower before seeing new all-time highs.

He also made sure to explain the fact that during the years when the crypto market is in a recovery phase, Bitcoin outperforms altcoins. He also warned about the fact that if the king crypto moves to the downside altcoins could collapse at a much quicker rate.

Stay tuned for more news from the crypto space.