Ethereum, as well as many other cryptocurrencies, emerged at the beginning of the week. For the first time in a long time, the leading alternative cryptocurrency has crossed the $1,300 mark.
At the time of writing, one token was worth $1,331, a gain of 3.28% from the Sunday close last week.
Many people think this is the beginning of a bull run.
Ether will lead this year’s rise!
The long-term consolidation of ETH, which began in June 2022 and has continued since, will soon come to an end, according to Jiang Zhouer, a Chinese miner and CEO/co-founder of Bitcoin mining service B.TOP Mining and BTC. TOP.
He goes on to say that the price of Ethereum will eventually leave its consolidation zone and start rising between March and May 2023, marking the end of the bearish period.
He predicted that Ether would be the main force behind the ensuing bull market activity and would surpass Bitcoin regarding price growth.
The Bitcoin miner predicts that the price of ETH will rise between two and four months between March and May 2023. At that point, the price of ETH will unquestionably deviate from its 2022.
As macroeconomic indicators favour risk markets over the next few months, Ethereum options traders are more excited about the likelihood of a price hike in the first quarter of 2023.
The majority of open interest in Ethereum contracts that expire on March 31 is bullish, and most exercise targets will be between $3,500 and $4,000, according to data provided by Glassnode.
What about Bitcoin?
The bitcoin price prediction of this legendary investor will remove your doubts about buying BTC.
The most optimistic predictions for Bitcoin come from cryptocurrency investor and ardent defender Tim Draper, who recently revised his $250,000 forecast for the Bitcoin price in mid-2023, with his prediction of 2022 missing out!
Draper, who has always advocated cryptocurrencies, believes that the retail sector, where women account for 80% of spending, still needs to be tapped for BTC.