Ethereum to go parabolic in coming months, predicts crypto strategist Nicholas Merten is its target

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Crypto strategist and popular trader Nicholas Merten predicts a parabolic rally for Ethereum in the coming months as the crypto asset continues to show signs of strength.

In a new strategy session, Merten tells his 469,000 YouTube subscribers that he sees Ethereum (ETH) jump more than 400% from its current price of $ 3,920, as the leading smart contract platform looks set to follow its 2017 bull run.

“Ethereum still holds around its midline here, showing that it is probably going as it did here in 2017, formulate and prepare the ground here to continue climbing higher to an even greater level. And we kind of keep that target range of potential around $ 20,000 if we have expanding cycles, if we really go from late 2022 to early 2023.

But even though we have a more conservative estimate of $ 10,000 or $ 15,000, we have clearly set the stage for higher highs here in the direction of the dollar pair.

Merten is also looking at Ethereum vs. Bitcoin (ETH / BTC), which he says has even more to grow to hit its all-time high of 0.15 BTC, worth $ 7,752 at the time of writing.

“From the lows we’ve had a really good rebound here (0.055 BTC or $ 2,844) and it looks like we’re coming back relatively close to the previous relative highs of this cycle, which again signals that you’ve got the sucker on the back. price action going back up, and we’re starting to gain momentum…

You can see here that we still have a ways to go compared to where we were here in June 2017 or here in February 2018. ”

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Featured Image: Shutterstock / Elena Naylor

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