Top Trader Suggests $3,600 Price Target for Ethereum (ETH), Reports U.Today

U.Today – A respected figure in the crypto trading scene, Jacob Canfield, forecasts a potentially large percentage increase for Ethereum (ETH) in the coming period. With his predictions holding weight, ETH might witness a 50% climb shortly.

Price Trajectory for Ethereum (ETH) Suggested by Market Analyst

The trading value for Ethereum (ETH) has recently surpassed a significant checkpoint, bolstering over $2,100, which Canfield suggests could herald a 50% surge in value. Reported by X today, Dec. 28, 2023, Canfield marked $3,600 as the new milestone for ETH. He also quizzed his followers if they’re set for an abrupt jump to these figures, hinting the right moment for an upward move has arrived.

In today’s early hours, ETH reached a pinnacle for the year 2023, topping $2,440 before settling back to $2,400, as of the latest updates.

Ethereum’s last dance above the $3,600 mark was in April 2021, prior to the downfall of Terra (LUNA) and the ensuing Crypto Winter from 2021 to 2022.

This year has witnessed ETH’s value more than double from around $1,200 in late December 2022 to its current level.

Solana (SOL), Ethereum’s Rival, Sees a 17% Drop from Year’s High

Canfield maintains a positive outlook for Solana (SOL), a prominent Ethereum challenger, on its mid-term trajectory. U.Today had earlier recounted his predictions of a pivotal drive for the demand of SOL. He believes the SOL base is accumulating more coins to qualify for retroactive airdrop events. This buzz was initiated by a considerable JTO token giveaway by Jito Finance, seen as a Lido equivalent in the Solana ecosystem.

After a staggering 900% bull run in the last year, Solana’s value underwent a correction. It peaked beyond $123, only to now be traded around $100.

The original version of this report can be found on U.Today