A top trader on the Binance exchange confidently confirmed that Ethereum will hit a new high early next year.
Logan Han - one of the fairly well-known traders on Binance, said ETH is ready to trigger a bull run to turn the overhead resistances into support, paving the way for a long-term bullish move.
Han believes that in the next year ETH will have a big bull run, possibly larger than 2017, helping the digital currency soar above $ 2,000 - a nearly 420% increase from its current price of 386. USD.
Han is not the only analyst optimistic about the long-term trend of ETH, bitcoin trader JackSparrow agrees.
JackSparrow stated that there is a very high chance that ETH price will surpass the peak of $ 1,300 early next year.
"This year looks pretty boring, but I believe the situation will change next year ... a breakout above $ 1,300 is not impossible."
Besides ETH predictions, Logan Han is also eyeing a relatively new DeFi Coin in the market, DFI.money (YFII).
He said YFII will be able to climb to $ 9,500 and make a profit of more than 300% by the end of October.
See more about Bitcoin transactions: eth to btc
“This is not an investment recommendation. In my opinion YFII is about to fly ”
YFII rates
Recently, the DeFi market has gone through a period of devastating corrections, when a series of major DeFi Coins have lost more than 50% in value, such as yearn.finance (YFI) has fallen by more than 70% ...
Kelvin Koh, chief executive officer of crypto investment firm Spartan Group, said: "The recent massive price drop of the DeFi Coins is a healthy one for the long term sustainability of the DeFi market. "
“I am very happy that a series of DeFi Coin prices are deeply reduced, the DeFi market needs to undergo corrections like this, though painful, it is a good thing to help investors or DeFi project owners not suffer. the illusion of price. It also shows where the value of DeFi assets is in a big slump ”
