Jacob Canfield, a well-known cryptocurrency trader and analyst, predicts the next price goal for an astonishing Ethereum (ETH) surge. In the near future, Ethereum (ETH) may increase by 50% if it comes to pass.
Ethereum (ETH) price’s next target indicated by analyst
The price of Ethereum (ETH) broke through the significant “weekly support retest” at $2,100. Thus, trader Jacob Canfield stated on X today, Dec. 28, 2023, that another 50% increase may be in store.
https://x.com/JacobCanfield/status/1740168599036367164?s=20
The price of Ethereum (ETH) has $3,600 as its next objective. As a result, the trader acknowledges that the moment to accelerate has come and asks his audience whether they are prepared for a “teleport” to such amazing price levels.
Early this morning, the price of Ethereum (ETH) surpassed $2,440 to create a new 2023 high. It had retreated to $2,400 by the time of publishing.
Ethereum (ETH) last traded above $3,600 in April 2021, shortly before the Terra (LUNA) ecosystem collapsed and the 2021–2022 Crypto Winter began.
Ethereum (ETH) saw a price increase of almost 100% this year; at the end of December 2022, the value of the second-largest cryptocurrency was close to $1,200.
Solana (SOL) “takes a breath,” loses 17% from 2023 peak
Canfield is also optimistic about Solana (SOL), a significant rival to Ethereum (ETH), in the medium run. He suggested an important driver of Solana (SOL) demand, as previously reported by U.Today.
His hypothesis states that in order for the Solana (SOL) community to participate in future retroactive airdrop initiatives, more tokens are required. Massive JTO token giveaway orchestrated by Jito Finance, a Lido clone on Solana (SOL), set off this craze.
In the meantime, Solana’s (SOL) price reversed course following the previous year’s 900% increase. It is now trading for $100, having hit a high of almost $123, locally.
