Striking Prediction: This Altcoin Might Be The Next Aptos!

Last week was an important week especially for Aptos (APT). The altcoin has had one of the biggest rallies in recent times, gaining 50 percent on a weekly basis. Since the beginning of 2023, it has experienced an increase of over 450 percent. APT’s rise and slowdown has caused investors to look for the “next Aptos”. Meanwhile, a prediction drew attention with the claim that the leading altcoin Ethereum will rally like the next APT. Here are the details…

Could Ethereum be like Aptos?

The price of Ethereum (ETH) has jumped close to 35 percent in the past month. After gaining more than 30 percent, the price is now above $1,550. Despite a few dips on shorter timeframes, the bulls still managed to maintain their dominant position. Now it’s February and the price is facing a decision: will the Ethereum price continue to rise or will there be a crash?

Over the past few weeks, ETH has recently rallied from a price of roughly $1,200 to $1,568. This has been an incredible run for the second highest market cap cryptocurrency. It is currently consolidating above key support levels. Ethereum trading volume has dropped more than 14 percent over the past twenty-four hours, suggesting that there is no significant buying pressure at current levels.

There are eagerly awaited developments in ETH

With this, cryptocoin.com As we have reported, we have the Ethereum Shanghai update ahead of us. This is something that ETH holders are eagerly waiting for because they predict that it will push the price of the coin to new highs in the cryptocurrency market. The Shanghai fork is expected to be operational in March 2023.

According to the latest update, the total value in the ETH 2.0 deposit contract has reached an all-time high of 15,513,575 ETH. Now, this comes as a crucial metric that determines the growing trust of market participants in the leading blockchain network. This strengthens the bullish sentiment in the long run.

What levels are important for Ethereum?

According to Analyst Practical Bhuyan, a turnaround in monetary policy could occur if the Fed comes out with a more “dove” rhetoric, despite some data showing that inflation will fall in the lower timeframe. This results in an increased appetite of investors for risky assets. Therefore, the price of ETH is likely to surpass $1,688 and even rise to $1,928, but it could stay just below the psychological $2,000 milestone.

According to Rudy Fares, another analyst, if ETH continues to rise, the coin may move in a positive direction. However, Ethereum price could dip below $1,300 again in the coming weeks. According to the analyst, if there are no corrections or crashes, the Ethereum forecast for February will be somewhat positive. The price may continue to rise above $1,600. According to the analyst, if ETH sees a slight increase in February, it can be traded in the range of $ 1,600-1,800, and if it goes down, it can be traded in the range of $ 1,300-1,450.

Another analyst, Michael van de Poppe, is of the opinion that ETH could continue to recover towards $1,700-1,730 before encountering any rejection. Even Rekt Capital thinks ETH is approaching a major breakout. So, analysts think that it is possible for ETH to experience a rise similar to the Aptos rally, if not by 400 percent.