Ethereum Consolidating Heavily, Traders Can Expect 14x Pump With ETH Price Reaching $20K!

The post Ethereum Consolidating Heavily, Traders Can Expect 14x Pump With ETH Price Reaching $20K! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The crypto space is displaying a dissimilar trend ever since the beginning of Q4 2021. Despite the asset having a magnificent start of the current trading month, yet the upcoming trend still remains pretty much skeptical.

Currently, the price appears to have comfortably settled above $3200 where-in the buyers are protecting the value of the asset. Yet the ETH price being on the borderline, it may plunge below $3200 for some while and quickly recover at the earliest. 

However, the second largest crypto is all set to spike with a large intensity as it is almost mirroring the past events yet again. Ethereum price is usually known for its slow yet steady approach. And due to which it is considered as one of the best investments in the entire crypto space. However in the upcoming days, the rally is expected to get more accelerated as the asset.

One of a popular analyst pointed out the characteristics of the ETH price rally which is appearing to have repeated currently too. The price as mentioned by the analyst was swinging in between $100 to $300 throughout the year 2019 and until the mid of 2020. Further the asset rallied more than 14x as it broke out from the consolidation.

 And currently the ETH price is consolidating in between $2000 and $4000 almost the whole year. Therefore considering the present price range, if Ethereum breaks out, then the price may go 14x to hit levels around $20,000. However, it may take some time beyond 2022 but a 5-digit figure target still makes its room by the end of the year.