Ethereum sits at $3200 and prepares to rise

22 Jun, 2022

Start date

22 Jun, 2022

End date

3 900

Target Price

Buy

Tip

Instrument: ETHUSDT

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Analyst's technical analysis background of the idea

We recommend buying ETHUSDT from 3200 with a price target of 3900 and a Stop Loss set at 2800

Analyst's fundamental analysis background of the idea

Markets dealing with the use of smart contracts will continue to see active growth in 2022. Over the past year, the DeFi and NFT sectors have seen a dynamic rise, from $20 billion to $240 billion and from $250 million to $2 billion, respectively. This year, experts also predict a boom in the metaverse market, which could grow from $600 million to $5 billion.

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