{"id":59871,"date":"2020-01-31T11:13:11","date_gmt":"2020-01-31T09:13:11","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=59871"},"modified":"2020-01-31T11:13:11","modified_gmt":"2020-01-31T09:13:11","slug":"ethereum-price-surge-800-analyst-probable-level-must-break","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-price-surge-800-analyst-probable-level-must-break\/","title":{"rendered":"Could Ethereum Surge to $800? Analyst Says It’s Probable, But This Price Must Break"},"content":{"rendered":"

Believe it or not, Bitcoin<\/a> is only 53% below its all-time high near $20,000. Ethereum<\/a>, on the other hand, hasn’t fared so well.<\/p>\n

The second-largest cryptocurrency, despite the recent rally in the cryptocurrency markets, is still down by over 80% from its all-time high above $1,400, which it reached during the mania of the previous bull market, during which Ethereum became the go-to platform for token issuance and became one of the industry’s most hyped projects, for many thought it would become a so-called “world computer.”<\/p>\n

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Now, ETH is trading for $180, far from the four-digit price point that Ethereum once was trading at.<\/p>\n

Although Ethereum’s extreme underperformance of Bitcoin has much to do with fundamental factors, a leading analyst is saying that soon ETH will return back to its former glory, posting a chart indicating that ETH is on the verge of entering a rally that will bring it hundreds of percent higher than where it is now.<\/p>\n

Ethereum Price Could Soon Explode Higher: Here’s Why, Per a Top Analyst<\/strong><\/h2>\n

Popular cryptocurrency trader CryptoWolf<\/a> recently posted the below tweet<\/a>, in which he shared a chart he published to TradingView of his long-term ETH price forecast.<\/p>\n

He noted that he believes ETH has just exited the recent bear market, having broken above key resistance levels, a bearish price channel, and a falling wedge that has constrained price action for months on end. He added that once the cryptocurrency manages to surmount the $175 to $190 range, which are levels of historical importance, the cryptocurrency will likely be clear for a long-term surge towards $800 \u2014 over 300% above current prices.<\/p>\n

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My longterm $ETH<\/a> forecast posted on @tradingview<\/a>. pic.twitter.com\/agHwayutA1<\/a><\/p>\n

— Wolf \ud83d\udc3a (@IamCryptoWolf) January 28, 2020<\/a><\/p><\/blockquote>\n