Ethereum is Running Towards $3,000: Famous Analyst Explained the Necessity for Recovery! - Coin Bulletin

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According to LMAX strategist Joel Kruger, the price can recover towards $3,000 as long-term investors turn to Ethereum.

Ethereum (ETH) is showing signs of recovery as long-term investors start buying, and according to LMAX strategist Joel Kruger, the price could reach $3,000 again.

Ethereum, which has fallen to its weakest level against Bitcoin (BTC) since 2020, has started to attract the attention of market players. Kruger stated that ETH is trying to gain upward momentum and that medium to long-term investors are taking advantage of this opportunity by buying.

According to Kruger, the most important level that will strengthen Ethereum's recovery is $2,650. If it breaks above this level, a rise up to $3,000 could be possible. Technical indicators are also signaling a reversal from the oversold zone. Kruger emphasizes that market confidence in Ethereum is increasing and the upward movement could accelerate.

According to the 10x Research report, there is a possibility of short-term recovery for ETH, which is currently oversold and in the process of regaining its strength.

ETH-3.04%
G-4.2%
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