Ethereum, 30% Additional Rise Possible Within 2 Months…Market Optimism Due To Technical Breakthrough↑

Ethereum (ETH) is projected to rise up to 30% further between August and September. On the 15th (local time), Cointelegraph reported that the ETH/BTC exchange rate rose to 0.0267, marking the highest level in four months, and the breakthrough of the 200-day Exponential Moving Average (EMA) for the first time in a year is analyzed as a signal of an uptrend.

The media predicts that Ethereum will continue its technical bullish trend after converting 200EMA into a support, and if the uptrend is maintained, the ETH/BTC ratio could rise to 0.035.

Cryptocurrency analyst Michaël van de Poppe evaluated, “The breakthrough of 0.02425 accelerated the upward trend,” and “The flow of Ethereum will have a positive impact on altcoins overall.”

In the market, there is also an analysis that expectations of inclusion in the system, such as the U.S. 'Crypto Week' and discussions on stablecoin-related legislation, are driving ETH demand.