Scott Redler, chief strategist officer at T3 Trading Group, argues that the price of Ethereum (ETH) is on course to hit the $2,100 level. If Redler is correct, his bullish price target means that the second largest cryptocurrency is on track to spike by another 10%.
The technical analyst is confident that the second largest cryptocurrency may march higher after it recently cleared the $1,792 level. Holding above that pivotal price point could subsequently open the door to the $2,100 level. In addition, Redler believes that Bitcoin is on its way to reclaiming the $26,000 level. Ethereum recently experienced a significant relief rally in the run-up to the highly anticipated Merge event. Goerli, the last of the three testnets, successfully transitioned to proof of stake earlier today, which was the final test before the Ethereum mainnet finally merges with the Beacon Chain in September. Leading cryptocurrencies also benefited from cooler-than-expected inflation data, together with U.S. stock and bond prices.
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https://u.today/ethereum-eth-on-its-way-to-2100-top-trader-saysPart of my mind says no, it is not possible for this short period of time, my logic is: When Ethereum is under POW it will not help the price to climb, of course, many of the miners need to sell their minted eth for some reason like paying the electric bill and maintenance of the mining machine, so they need to dump it, But today, the merge already happen, many of ETH holder and definitely most of them are not a miner but whales who bought Ethereum from miner are very happy because, with no brainer and high-cost maintenance, they will earn eth by holding it via staking, so what will happen? IT WILL BECOME EASY FOR THEM TO SELL ETH ON THE DAILY BASIS, because from staking they will earn it easily.