Veteran trader Peter Brandt says ETH could drop a further 29% this month... but 15,466 members of the CoinMarketCap community think that the price will gain 75.37% by the end of June.
to his 201,000 Twitter followers questioning whether a descending triangle on the ETH chart was “too obvious” to ignore. Crypto Tony’s bearish estimates were slightly higher however at the $1,450 to $1,600 range.
But the community on CoinMarketCap seem bullish — or at least high on hopium — about the near future of ETH, with 15,466 voters accounting for an average price estimate of $3131.75 by June 30. The climb to the level would mark a mammoth increase of 75.37%.the community to vote on predicted price targets via a tab under its listed asset pages, apart from this prediction, around 8,500 people have estimated ETH will hit $2981.27 by July 31, or a 66.94% increase, shortly before the Merge.
In general, the community on CoinMarketCap that votes on ETH price predictions has had varying levels of success since December.They predicted ETH’s closing price of 2021 with 88.40% accuracy, meaning they were 11.6% off the actual price of $3,682.63 with their estimation of $4,109.65. They then predicted the bearish drop of January with 54% accuracy, February at 76.17% accuracy, March at 89.91% and April at 62.41%. However they fell off massively in May with 16.97% accuracy, although that was an unprecedented month in which Do Kwon’s Terra eco-system caused a
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