Crypto analyst gave target for ETH: Rally signal in altcoins!

Ethereum (ETH), which is price action in a critical zone before the Fed interest rate decision, can ignite the altcoin rally.

The day of decision may have come for ETH, which has been unable to pass $2400 for a long time. The Fed interest rate decision, which will be announced at 21:30 Turkish time, will determine the fate of cryptocurrencies. Altcoin investors, in particular, are waiting for the outcome of the Fed interest rate decision. Altcoins, which are much weaker compared to Bitcoin, may start a rally led by ETH. So what does Wolf, known for his crypto analysis, think about Ethereum?

What prices should altcoin investors focus on for ETH

As of the writing of this article, Ethereum, which changed hands at 2332 dollars, will give confidence to investors if it maintains its green zone. For now, the leader of altcoins holding in this region can target 2750 - 3000 - 3294 - 3700 and 4078 dollars if it breaks 2534 dollars. During this process, the Fed’s interest rate decision and BTC’s price movements will be decisive.

Factors such as the interest rate decision not meeting expectations or BTC breaking below $60,000 will increase selling pressure on ETH. In such a scenario, pullbacks to $2109, $1930, and $1761 may occur successively.

According to the analyst, there may be a rise towards $13,000.

With 105,000 followers on X, Wolf surprised everyone with his ETH analysis a few days ago. The crypto expert, who gives targets based on technical analysis, thinks that ETH could reach the range of 10,000 - 13,000 dollars in 2025. According to Wolf, the critical resistance in Ethereum is in the range of 3700 - 4000 dollars. The breakthrough of this region and its subsequent retesting could initiate the journey to 13,000 dollars.

Most of you aren’t ready for what’s coming in 2025. $ETH. pic.twitter.com/rSDt4Gfbjz

— Wolf 🐺 (@IamCryptoWolf) September 13, 2024

This article does not contain investment advice or recommendation. Every investment and trading move involves risk and readers should conduct their own research when making a decision.