Changelly Predicts Ethereum Price to Surge, May Reach $4000
CryptoNewsTerminal Staff28 May, 2024
Changelly Predicts Ethereum Price to Surge, May Reach $4000
Changelly, a Hong Kong-based cryptocurrency exchange, expects the price of Ethereum (ETH) to surpass $4000 in June. After analyzing recent price movements, Changelly forecasts a low of $3,811, a high of $4,050, and an average price of $3,387. The recent surge in Ethereum's price is attributed to a "pump action" following the U.S. regulator's approval of the ETF 19b-4. However, Ethereum currently faces uncertainty due to Bitcoin's high volatility. At the time of writing, ETH trades at $3,830.05, down 2.75%, according to CoinMarketCap.
