RATE Group | Ethereum (ETH) Price Predicted to Take Off ‘Like Rocket Ship’ by Top Crypto Analyst
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Ethereum (ETH) Price Predicted to Take Off ‘Like Rocket Ship’ by Top Crypto Analyst

17 Feb Ethereum (ETH) Price Predicted to Take Off ‘Like Rocket Ship’ by Top Crypto Analyst

Posted at 08:38h in Cryptocurrency News by

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Prominent crypto trader Davincij15 predicts that another major rally could be in store for Ethereum (ETH), the second-largest cryptocurrency. In his recent video with MMCrypto, he says that the altcoin could “take off like a rocket ship.”


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A healthy correction    

Over the past few days, the price of Ether has retraced by more than 15 percent. Davincij15 said that those who bought the top of the Ethereum rally should have waited for a pullback.    

However, the trader did mention that this correction was ‘normal,’ which is why he expects to see higher prices. 

Speaking of the ETH/BTC pair, Davincij15 pointed out that the 0.382 Fibonacci retracement level is now acting as support. 

ETHBTC

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