New Optimistic Ethereum Prediction Is Out

There are all kinds of optimistic predictions about the price of digital assets these days, and this is happening despite the huge volatility that we have all been seeing in the market. Check out the latest reports below.

According to the latest reports an important analyst is predicting a strong rally for leading smart contract platform Ethereum (ETH) and two additional altcoins as crypto markets bounce.

Pseudonymous analyst Altcoin Sherpa said recently that he believes Ethereum has more gas left in its tank despite nearly doubling its value in less than two months.

“ETH: I expect Ethereum to make its way up to $2,200 eventually in the midterm, but we’ll see if it can break past this current support/resistance level ($1,720). The longer this grinds around here, the more bullish I am in the short/midterm. Still dont think this is ‘the bottom’ though.”

At the time of writing, Ethereum is changing hands for $1,717.

Ethereum is seeing some successful moves these days, and below, you can check out the latest reports about the important ETH scaling solution.

It’s been just reported that Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market.

Polygon is a scaling solution that aims to enable the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain.

The online publication the Daily Hodl notes that next up is popular blockchain-based game Axie Infinity (AXS).

Altcoin Sherpa also made sure Axie Infinity has room to ignite a relief rally, but he’s still remaining cautious on whether AXS can actually hit his massive target.

“What do we think about this type of idea? I dont know if it has the juice to get up to the $40s, but could certainly see some sort of bear market rally if BTC is ok.”