With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an 18-month high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022.
The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ascent to $3,000, per a post on X from crypto analyst Jelle on January 15.
“ETH reached the highest level in 18 months, and it doesn’t look like it’s stopping anytime soon. Expecting $3000 in the coming quarter,” she said.
Positive momentum on the Ethereum price chart. Source: Jelle
This breakout is indicated on the multiyear price chart and can be a possible indicator of a surge in the price of this digital asset in the next couple of months.
Further positive indicators
Not only does the multiyear price chart show promising signs for ETH, but shorter time spans also paint a bullish picture for this crypt
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