RATE Group | Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts
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Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts

03 Jan Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts

Posted at 11:15h in Ethereum News by

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Ethereum: USD/ETH (ETH=) Price Could Surge 100% To $260, Popular Analyst Predicts

Ethereum (ETH) celebrated the new year by being up 1.28%, but the second day of 2020 had erased those gains as the current price of the second most popular crypto is back from where it opened yesterday.

Ethereum, which has recently been crowned by Decrypt as the most profitable investment of the decade after Bitcoin (BTC), is continuing its slide that began at its peak price of 2019 of about $364. The falling wedge pattern that Manu Naik of AMB Crypto highlighted in his post on Christmas day is still in play, and the trading price of $128, as of press time, is hovering at the lower trend line.

Some analysts, including Naik, see a likelihood that ETH will see a bounce this year. For Scott Melker, who goes by The Wolf Of All Street on Twitter, and a trader whose analysis NewsBTC cited, $120 is a good spot for ETH. He even tweeted on Tuesday that Ethereum is better than Bitcoin at the…

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