Several analysts predicted large profits for cryptocurtain number two according to the market ceiling, Ethereum, over the next few months. One of them even suggested repeating its 100% prediction from the beginning of last year, in a tweet for January 1st.
Last week, analyst Manu Naik pointed out that the 1-day ETH/USD chart was in a falling wedge. He said that these are falling in 68% of the time, and that $128 is at the bottom line.
The falling wedge is still in play and we are still on the bottom line. This means that Naika's prediction of a potential increase to $240 by mid-January may still be on the cards.
The Wolf of All Streets, analyst Scott Melker, tweeted on New Year's Eve that he thinks Ether looks better than Bitcoin at the moment.
He then published the ETH/BTC chart on January 1, highlighting the extent to which ETH has traded with BTC since July. The current situation shows that ETH is rebounding from significant support, putting it in a great position to go higher.
Finally, a popular analyst, DonAlt, suggested on December 31 that Ether's price could "play in this range" until 2021, bouncing between key levels of support and resistance, $130 and $268 respectively.
