I Think Ethereum (ETH) Is Going To Go Up 22%. That Means It Will Reach $2,600

✍️ 2 January, 2024 - 11:03 👤 Editor: Jakub Motyka

• Analyst Rekt Capital predicts a potential 22% increase in the price of Ethereum (ETH).
• Technical analysis and the Ethereum (ETH) Fear and Greed Index indicate bullish signs in the market.
• The latest news about cryptos on our Telegram channel.

Cryptocurrency analyst Rekt Capital has made a bullish prediction on the price of Ethereum (ETH).

According to him, Ethereum could experience an increase of around 22% in its price after securing $2,274 as a level support. This prediction is largely based on ETH 's ability to establish this crucial support level.

The Prediction Of The 22% Increase For The Price Of Ethereum (ETH)

Since last December 21, the price of Ethereum (ETH) has increased from $2,226 to $2,366 on December 28, settling at $2,417 today January 2, 2024.

$ETH will probably expand by another +22% if it is able to reclaim $2274 as support#ETH #Crypto #Ethereum pic.twitter.com/p12ybG8umv

— Rekt Capital (@rektcapital) December 27, 2023

Rekt Capital's Ethereum (ETH) technical analysis shows a bullish picture, with over 29 technical indicators showing positive signals. Additionally, its Fear and Greed Index indicates a 73 (i.e. greed), which are good bullish signs​​.

Due to these reasons, experts predict that the price of Ethereum could reach $2,608 in January 2024. It must be taken into account that this forecast was made on December 28, when the price of ETH was somewhat lower than now. This increase would place ETH as one of the main altcoins in the market.

While the prediction of a 22% increase would not directly take Ethereum to the $3,000 mark, it does indicate a positive momentum and an upward trend in the cryptocurrency market. This optimism is reinforced by the recent momentum in the market and the growing adoption of Ethereum in various applications and projects in decentralized finance (DeFi) and other sectors.

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