A popular pseudonym cryptography analyst in X known as “Wolf has outlined an upward road map for Ether, predicting that the second largest cryptocurrency could reach $ 13,000 as soon as the fourth quarter. While $ 13,000 is its optimistic scenario, the conservative Wolf target still places ETH over $ 8,000, more than twice as many as the current level.
In a publication based on the shared list on Friday, Wolf said that Ether continues to continue increasing abruptly after reaching new maximums of all time, although he warned of a correction of 20% –25% after that rupture. He characterized this setback as a “final shake” before a long -term rally resumes.
Supporting the upward perspective, institutional activity seems to be taking up. The analysis service in the “Lookonchain” chain reported Monday that Sharplink Gaming (SBET), the company that quotes in Nasdaq that launched its Treasury Eth strategy on June 2, had bought another 77,210 ETH for approximately $ 295 million. The company now has 438,017 ETH, for an approximate value of $ 1.69 billion, which makes it the largest corporate head of Ether that is publicly negotiated.
The purchase continues to the appointment of Sharplink’s from the former Blackrock Joseph Chalom executive as his new co-zo last week, and arrived only three days after the company revealed 567 ETH obtained rewards in bets since Ether began to accumulate.
Meanwhile, Plate Ventures partner, Chris Burniske, said the feeling around Ether has changed dramatically during the past month. “Eth went from the coin most hated to Darling of CT in ~ 5 weeks,” he wrote, referring to the cryptographic community in X. Token has won approximately 73% since June 23.
ETHER is currently quoted at $ 3,884, 2% more in the last 24 hours, according to Coindesk data.
TECHNICAL ANALYSIS
- According to the technical analysis data model of Coindesk Research, ETH rose from $ 3.771.30 to $ 3,888.72 between July 27 at 09:00 UTC and July 28 at 08:00 UTC, registering a gain of 3.11% with an intrayay range of 4.91%.
- The Token broke the key resistance of around $ 3,837– $ 3,850 in a strong volume, establishing a new support zone and positioning ETH for a possible advance towards $ 3,950– $ 4,000.
- In the last 60 minutes of the session, ETH increased from $ 3,890.61 to $ 3,898.38. An acute peak of $ 3,876 to $ 3,898 occurred at 08:05 UTC in high volume, confirming a strong institutional interest in rupture levels.
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