Crypto:
30188
Bitcoin:
$69.172
% 3.28
BTC Dominance:
%54.4
% 0.13
Market Cap:
$2.44 T
% 3.67
Fear & Greed:
74 / 100
Bitcoin:
$ 69.172
BTC Dominance:
% 54.4
Market Cap:
$2.44 T

Analysts Announced: Ethereum Price May Rise Above $6,000

Ethereum

Analysts believe that the Ethereum price could rise to $6,200 in the coming months.

QCP analysts wrote that there is a bearish outlook for Bitcoin due to payments to be made by Mt. Gox.

Mt. Gox, the largest cryptocurrency exchange of its time, which went bankrupt in 2014, will make a payment of approximately $9.6 billion to its customers. This is expected to create selling pressure on Bitcoin.

Analysts noted that there is a bullish outlook for Ethereum. According to the writings, spot Ethereum ETFs in the US could start trading earlier than expected this month.

QCP said that for the September options, the $3,000 put option can be sold with a $2,500 knock-in, while the $4,500 call option can be bought with a $6,200 knock-out.

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