Ethereum (Eth), Ethereum Classic (Etc), And Polygon (Matic) Altcoins’ Prices May Skyrocket In The Upcoming Week!
The previous few days have seen a noticeable upsurge in the price of Bitcoin and other popular altcoins. The asset still has a respectable strength and has a propensity to restore bullish momentum despite the recent dip. The bearish cabal is working very hard to stop the surge, but the assets seem ready to continue moving up.
In the upcoming days, altcoins including Ethereum (ETH), Polygon (MATIC), and Ethereum Classic (ETC) are anticipated to flourish.
The price of ethereum has been strongly consolidating over the last few hours along the higher resistance levels, with a few pullbacks and recoveries. After creating the pole of the bullish flag pattern, the price seems to have formed the flag. Therefore, a sharp upward movement breaking through the parallel channel’s resistance levels beyond $1843 appears imminent.
On the other hand, as the daily active address has recently reached its highest point, network activity on the platform is increasing. In a recent update, ETH’s address activity reached 1 million for the first time ever as the price of the cryptocurrency soared nearly to $1770. Consequently, this pointing to a strong bullish trend resuming.
Price Of Polygon(Matic)
The MATIC price is rapidly approaching $1 and is anticipated to surpass these levels this weekend. The asset has previously been rejected just at $1, thus it is anticipated to soar if a rebound is sparked.
The price of Polygon(MATIC) is trading within an ascending parallel channel, just like Ethereum. But in contrast to ETH, the MATIC price saw a rejection that was substantially lower than the upper resistance. As a result, it appears as though the bear is slightly more dominant here, and the price is therefore anticipated to decline toward the middle bands.
However, a significant rebound is expected to come after, which could allow the rally to quickly surpass $1.
Price Of Ethereum Classic (Etc)
With the impending ETH 2.0 Merger, ETC pricing saw a significant increase as ETH miners apparently switched to ETC or BTC, increasing the network’s hash rate. ETC prices have increased by more than 200 percent in the last two weeks due to the increase in network traffic.
The ETC price is declining within a parabolic curve to indicate the approaching monthly bottoms near $12. The asset, however, rapidly gathered bullish momentum and surged to highs near $45. Before reaching $50, the asset, nevertheless, was rejected, which caused the price to drop to under $40.
However, as there has been more selling than buying since the previous trading day, the price is anticipated to consolidate below $40 for some time. Furthermore, a sustained bearish pressure may eventually push the price past $50.