Ethereum Has Room To Grow Higher

Ethereum still has room to grow higher, according to the latest predicitons from the crypto space. ETH has been surrounded by a lot of optimistic predictions lately.

Accoridng to the latest reports, it seems that ETH has more upside potential, according to analytics platform Santiment.

At the moment of writing this article, ETH is trading in the green and the coin is priced at $1,792.

The crypto analytics firm says that Ethereum is likely to rise above the $2,000 price after hitting a high last reached seven months ago over the weekend.

“Ethereum’s price hadn’t eclipsed $1,840 since August 18th. Despite this seven-month high, the network hasn’t appeared to heat up and create notable transaction barriers due to high demand. This is a good sign that ETH has a door open to $2,000 and beyond.”

Despite the price jump, Santiment stated the fact that Ethereum’s transaction fees fell below $2 when ETH hit a seven-month high compared to rising above $8 earlier this month when the second-largest crypto fell to a two-month low.

The online pubcalition the Daily Hodl notes the fact that a Twitter survey conducted by Santiment over the weekend also indicated the following:

“there are more people who believe Ethereum will rise above $2,000 first than those who think it will drop below $1,600 first. Nearly 10% of the respondents said they see Ethereum soaring above $2,000 next while 5.2% said they see ETH falling under $1,600 next.”

It’s been just revealed the fact that Real Vision CEO Raoul Pal says Ethereum’s (ETH) technicals and fundamentals suggest the second-largest cryptocurrency may massively outperform Bitcoin (BTC) in the coming cycle.

In a new interview on the crypto-focused YouTube channel Altcoin Daily, Pal says he has his eye on the chart of Ethereum against Bitcoin (ETH/BTC).

He said that the ETH/BTC pair is coiling inside a wedge, and a breakout could send ETH into a rally that leaves Bitcoin in the back seat.