The cryptocurrencies are flashing green, while the uncertainty and volatility hovers around the crypto space as a result of collapsed Silvergate Capital. The major recovery comes from the star cryptocurrency, Bitcoin followed by Ethereum and other altcoins.
As Bitcoin gained its lost $24K area, soon the leading smart contract followed the lead which has now surged nearly 7% over the past day. Ethereum price started its massive bull movement after it reached the $1,550 resistance area. The currency had hit a high of $1,700 before consolidating slightly.
At the time of publishing, Ethereum is priced at $1,690 after an upward swing of 6.82% over the last 24hrs.
Meanwhile, as the overall crypto market has turned bullish most of the market experts have claimed a bullish stance. One such crypto analyst and trader is Real Vision CEO Raoul Pal who has set a positive target for Ethereum price in the days to come.
Ethereum Price To Soon Claim Its Crucial Area
In his new video updates, Raoul Pal is seen claiming that Ethereum price might soon gain a major bull rally. The analyst is also seen displaying a chart where he asserts that it appears that after a month long of correction, Ethereum is finally setting for some bullish momentum.
Further, the strategist gives out the price target and says that Ethereum price could hit anywhere between $2,000 and $3,000 or even higher. Also Raoul Pal believes that Ethereum may soon enter a V-shaped recovery stage.
On the other hand, the community is awaiting to witness its much awaited Shanghai upgrade which is set to happen in April. This will be the first upgrade after Ethereum 2.0. If the Ethereum bulls hold on to its pace then ETH could soon hit the said target of $2,000.