Cryptocurrency Ethereum is predicted to reach a record value

Cryptocurrency experts note: Ethereum ETH $1,570.44 Bridged Ether (StarkGate) -0.39% Market capitalization $0.14 billion VOL. 24 hours $1.27 billion is showing the best performance in recent times as its price has reached an 18-month high. The event prompted industry analysts to discuss the possibility of ETH reaching the $ 3,000 target. The last time such figures were recorded was in April 2022.

The current Ethereum trend shows a steady upward trajectory. Cryptocurrency analyst Jelle believes that the price may rise to $ 3,000 in the next quarter. «ETH has reached its highest level in the last 18 months, and it doesn’t look like it will stop anytime soon. I expect $ 3,000 in the next quarter,» the expert said.

Despite the temporary volatility, ETH remains focused on reaching the $ 3,400 target, according to crypto strategist Ali Martinez, who published his own chart on January 14.

«Don't forget that #Ethereum has broken out of the ascending triangle on the weekly chart. Despite short-term volatility, $ETH continues to target $ 3,400!» the crypto expert wrote.

Meanwhile, ETH has surpassed the critical level of $ 2,130, which indicates the potential for further growth. After this breakthrough, an upward movement to new cycle highs of $ 2,700 is predicted with the prospect of continued growth to $ 3,500 over the next 2−3 months. This is the opinion of crypto trader and expert Michael van de Poppe.

Time will tell whether the forecast will come true and ETH will break the $ 3,000 threshold, but experts and technical indicators are currently optimistic.