Interest in whether the cryptocurrency market will rise or fall ahead of the weekend, Evan Aldo, an analyst at Paul Baron Network, has made a market prospect. Aldo predicted that the market would be sideways or slightly rising during the weekend, and among the two scenarios, it is more weighted on the possibility of rising.
Aldo recommended Ethereum (ETH) investment for those who first started cryptocurrency investment. He analyzed that Ethereum is stronger than Bitcoin and has a 90% chance. He also explained that it seems to have formed a low compared to the Altcoin Market (TOTAL 3) except Bitcoin and Ethereum. As a result, Ethereum is expected to achieve better results than small altcoins over the next few months.
Some market experts predict that Ethereum’s long -term goals are offered from $ 6,000 to $ 7,400, and some are expected to be available from $ 10,000 to $ 11,000 if momentum is strengthened. But now, $ 3,200 is considered the first important target. Breaking through this level can lead to a greater increase by the end of 2025.
Aldo paid attention to the rare trigger wave pattern that appears on the three -week chart. Similar patterns have appeared before large rally in 2020. However, this time, it was analyzed that it is expected to rise twice to three times rather than a rapid movement of 10 times.
Aldo predicted that the Federal Reserve (Fed) would start a full -fledged Altcoin season when the Fed -Fed System began to cut interest rates. At this time, small altcoins have soared and predicted that they can achieve better results than Ethereum. Until then, however, Ethereum emphasized that it is an essential cryptocurrency that must be held in this transition period.
