Managing Partner of Moonrock Capital Says Ethereum (ETH) Is Poised To Hit $2500 Next Week
Solomon Odunayo
3 min read
Simon Dedic, the managing partner of Moonrock Capital, has stated that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has the potential to hit $2,500 next week.
On 13th March 2021, the price of the digital token ETH surged past the $1940 price area for the first time since 21st February. This significant surge has moved two prominent cryptocurrency analysts to predict that Ethereum (ETH) would break above $2,500 resistance in the short term.
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At the time of writing, ETH is trading at $1,931.60, with a 9.09% price upsurge in the last 24 hours. Additionally, the cryptocurrency has surged 159% in terms of year-to-date return on investment.
Simon Dedic Sees Ethereum (ETH) At $2,500 Next Week
A couple of hours ago, Simon Dedic, managing partner of Moonrock Capital, a blockchain advisory and investment partnership based in London and Hamburg, predicted that the Ethereum (ETH) will break above $2,500 next week and that altcoins will benefit greatly in the predicted significant price upsurge.
Read Also: Charles Hoskinson: Cardano Would Struggle to Compete Against Ethereum with Massive Gas Fees
Simon Dedic tweeted, “ETH will go to 2500 next week and is going to take all alts with it.”
$ETH will go to 2500 next week and is going to take all alts with it.
— Simon Dedic (@scoinaldo) March 13, 2021
Another prominent analyst, identified on Twitter as The Moon corroborated Simon Dedic’s prediction, stating that Ethereum (ETH) now targets $2,500.
The Moon tweeted, “Ethereum breaking the cup & handle, with a target of $2,500!!!”
#Ethereum breaking the cup & handle, with a target of $2,500!!! pic.twitter.com/gmnCdz6JxY
— The Moon 🌙 (@TheMoonCarl) March 13, 2021
The Wolf Of All Streets, a pseudonymous analyst on Twitter also showcased his bullishness in the leading digital currency. He stated that a possible benefit also awaits altcoin markets if the positive move persists:
“Ethereum is holding support on the BTC pair – a bit surprising on a move this meaningful for Bitcoin. Strong demand here, pierced the bottom. This could be an epic sign for alts if it continues to rise.”
Ethereum is holding support on the $BTC pair – a bit surprising on a move this meaningful for Bitcoin.
Strong demand here, pierced the bottom.
This could be an epic sign for alts if it continues to rise. pic.twitter.com/JEJOldEYhU
— The Wolf Of All Streets (@scottmelker) March 13, 2021
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