The analyst cited reasons for his optimistic outlook, noting that the stronger and longer the base, the bigger the breakout potential. He stated that, at present, Ethereum has one of the largest bases of any digital asset in the world.
Analyst Dismisses $950 Breakdown TargetHe noted that if Ethereum falls to this level, it would mark its lowest-ever monthly RSI reading after its weakest expansion. Given his confidence in Ethereum’s bullish potential, the analyst likely views such a scenario as unrealistic under current market conditions.
