A leading trader on the crypto exchange Binance is predicting that Ethereum (ETH) will hit a new all-time high in the coming weeks.
Logan Han says ETH appears ready to turn a historic line of resistance at $372 into support, setting the stage for a long-term move to the upside. He believes the second-largest cryptocurrency could skyrocket above $2,000 in early 2021 – representing an increase of nearly 420% from its current price of $386.
Source: Logan Han/Twitter
Logan Han is not the only analyst who’s bullish on ETH. Closely-followed trader Bitcoin Jack agrees that the second-largest cryptocurrency printing a new all-time high (ATH) at the start of next year is within the realm of possibility.
“Ethereum new ATH is programmed Q4 or early next year is not impossible.”
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