Analysts suggest the possibility of Ethereum's price rallying to $3,000, driven by favorable data indicators. However, investors should remain vigilant as charts imply that corrections might occur during this upward trend.
These fluctuations could affect the overall trajectory toward achieving the targeted price point, indicating that while optimism is feasible, caution is advised.
Both short-term traders and long-term holders should watch for these corrections, adjusting strategies accordingly to navigate potential market volatility.
Source: cointelegraph.com ↗