New Ethereum Massive Rally Incoming – Here’s Where ETH Price Can Go

There are all kinds of predictions about the price of Ethereum and how high it can go. New optimistic predictions have been flowing into thr crypto space, event following the latest price retreat.

At the moment of writing this article, ETH is trading in the red and the coin is priced at $1,512.

A popular crypto analyst believes that leading smart contract protocol Ethereum (ETH) is gearing up for a massive explosion this year.

Pseudonymous analyst Kaleo said not too long ago that Ethereum may be mirroring its price action between late 2018 to 2020 when ETH rallied from a low of about $80 to around $480.

“Every major run up has minor pullbacks where you’ll hear from the crowd that the move is over. ETH still has higher to send this year.”

Looking at Kaleo’s chart, he predicted a big Ethereum surge toward the $3,000 level in the coming months.

Regarding Bitcoin (BTC), the crypto analyst believes that a pullback to the low $21,000 region is likely in order for the king crypto before it resumes its rally.

“Didn’t get the initial break higher I was hoping for, but I still believe we’ll see a bounce off the retest of the high timeframe trend breakout acting as support. Just gives a bit more of an opportunity to stack. $30,000 is still a magnet.”

The really popular analyst and trader Michaël van de Poppe is updating his outlook on king crypto Bitcoin (BTC) over the coming weeks and months.

Van de Poppe said recently in a new video that Bitcoin could trade in a range for a while before rallying to a price of up to $40,000.

According to the popular crypto analyst and trader, the $37,000 to $40,000 price level is where most of the investors and traders with open positions in Bitcoin are likely to close their positions, possibly in the second quarter (Q2) of 2023.