Ethereum demonstrates resilience in the market, showing no signs of a short-term correction. Current predictions suggest a potential price increase.
Current Market Situation of Ethereum
Ethereum continues to hold recent gains and is moving towards the upper bands of its two-week range. Crypto analyst 'Byzantine General' noted that the asset is too strong and refuses to show any significant downturn.
Analysts' Predictions
Founder of ITC Crypto, Benjamin Cowen, stated that after the recent dump, Ethereum should break through $4,000, aiming for a range of $5,700 to $7,500 for this cycle. 'Crypto GEMs' also predicted that ETH would reach $5,000 by the end of August.
Celebration of Ethereum's 10th Anniversary
The Ethereum community celebrated the project's 10th anniversary by ringing the closing bell at NASDAQ. Co-founder Joseph Lubin highlighted the mission to create a new ecosystem and onboard traditional finance into DeFi.
Ethereum confirms its strength in the market, with analysts optimistic about future growth predictions. Current trends and institutional support may help achieve new price levels.
