Ethereum (ETH) price has been moving in a sideways trend following the collapse of the crypto exchange FTX. While investors await for buying Ethereum from the bottom levels, crypto analysts believe $1,170 would be a good price to buy for the long term.
Buy Ethereum Before You Miss the Bus
Ethereum (ETH) price is currently trading above $1,200 and looks positive. Since November, the ETH price is bouncing off the $1,170 level, trying to rally over $1.3K. The most important thing to note here is that the ETH price is in upward momentum since November and holds above $1,200 mostly.
Crypto analyst Michael van de Poppe asserts the markets are in a bear market for 19 months already. Especially, altcoins have been crashing since May 21 despite the Solana (SOL) and Polygon (MATIC) cycle. He predicts that a first higher-low on higher time frames will be an indication of a relief run.
Ethereum (ETH) Price. Source: Michael van de Poppe
Michael van de Poppe also believes that $1,190 would be a good
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