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PrimeXBT Analyst Kim Chua: Bullish Ethereum May Hit $2,900 Soon

Published 07/06/2021, 10:20 AM
Updated 07/06/2021, 10:30 AM
PrimeXBT Analyst Kim Chua: Bullish Ethereum May Hit $2,900 Soon
ETH/USD
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  • Ethereum (ETH) might hit $2,900 soon.
  • The timing seems ripe for ETH to stage a big rebound.
  • Investors are still waiting to watch the full impact of China’s sudden crackdown.

PrimeXBT Analyst Kim Chua has mentioned that the price of Ethereum (ETH) might hit $2,900 soon.

There are a lot of concerns around the crypto market of late after moves in China saw the BTC price slump. However, there is still more bullish news around the crypto market, especially for Ethereum, which is the second largest cryptocurrency in the market.

Ethereum still moves strongly along to its major upgrade, and ETH has still more excitement to keep the investors interested. Moreover, the dip in BTC price and the fall off of mining activity has seen ETH to show more activity this week.

According to CoinMarketCap, the ETH price is at $2,317, with a 24-hour trading volume of $19,820,447,528, at the time of writing.

This article was first published on coinquora.com

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