The founding partners of the market analysis company Glassnode, Ethereum $4,201.62 He states that a strong period of accumulation has been experienced. According to the founding partners Jan Happy and Yann Alleman, Ethereum seems to be able to exhibit a serious rise in the short term. This positive expectation, which has been shaped on Ethereum, one of the leading subcoins of the crypto money market in recent weeks, attracts the attention of investors.
Price support and expected movements
The assessments suggest that a serious upward movement may begin if Ethereum sets the level of $ 4,000 as a permanent support. According to the researchers, it is claimed that prices have been observed on Fridays and Saturdays in the last 30 days, so these days can create an opportunity to buy. Most investors expect a withdrawal during this time period.
Jan Haypel and Yann Alleman make the following assessment in their sharing on social media:
“There may be another decline before exceeding $ 4,000. There have been appropriate times for the accumulation on Fridays and Saturdays in the last month. Mobility may increase when that level is passed.”
These statements also shape the expectations of sector followers.
Short -term horizontal course and after
According to analysts, Ethereum can follow a horizontal course for a short time. However, after this process, a sudden and strong rise can come to the agenda.
HAPPEL and ALLEMAN are expressing their opinion as follows:
“Ethereum took a short breath, but a new movement is coming.”
These comments cause investors to monitor the market more closely in the coming days.
Effect of Bitcoin’s Network Growth
Glassnode founders, also Bitcoin 
$117,201.16It draws attention to the increase in the network size of the network. Network size; measures the change in the number of users and transactions. Analysts say that this indicator has given a positive signal for Ethereum in the past, and that a similar picture has been observed that prices have increased rapid increases.
Jan Haypel and Yann Alleman makes the following statement on this issue:
“Before the next move, when our base metrics had accelerated so much, a similar picture was put forward on April 7, and then the price of Ethereum increased by more than 100 percent. Now a similar process is experiencing a similar process.”
This assessment seems to strengthen investors’ expectations of Ethereum.
The news also stated that the current price of Ethereum is $ 3,955, and an increase of 3.2 percent in the last 24 hours was emphasized. The said price movements are observed in support of analysts’ predictions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
