$ETH
Just 2 1d Trees to Prove Quality
According to Cointelegraph: Ethereum (ETH) is gathering momentum for what traders are calling a “monstrous rally” as its price nears $2,900, marking a nearly 25% gain since early 2024. Despite the gains, analysts say Ether remains “too cheap,” especially after Bitcoin’s recent all-time high.
Analysts Signal Ether’s Bullish Potential
On November 6, ETH surged 9.66% to $2,846, surpassing $2,800 for the first time since August. Anonymous trader Byzantine General commented on X, “ETH has a real chance to go really strong right now.” Other analysts echoed this optimism, with Miles Deutscher noting that ETH has outperformed BTC and SOL over the 24-hour period. Meanwhile, crypto analyst Benjamin Cowen pointed to Ethereum’s potential reversal against Bitcoin, as the ETH/BTC ratio recovered 5.36% to 0.038, signaling upside potential if it holds above the Simple Moving Average (SMA).
My only advice is to invest in knowledge and practice patience and the rewards will come.
