Crypto investment analysis: ETH is likely to reach $2000, Santiment focus on Bullish

Santiment officially reported " Ethereum is sitting rather quietly at $1,895 while XRP and Chainlink have been grabbing headlines as of late. Our latest insight takes a look at the under the radar metrics that could be very well hinting at an $ETH return above $2,000 and beyond."

Today ETH price is trading at 1894. Last 24 hr. price range was observed between $1889-1896  level. 

The price of Ethereum has fallen by around 5% in the past seven days despite the rally in other altcoins such as XRP and Chainlink (LINK). Despite that, many on-chain metrics point to the upcoming rise in the price of ETH, which may return to the threshold of $ 2,000 in the near future, according to analysts and the analyst Santiment.

The price of Ethereum fell from a peak of $ 2,139.44 in April to $ 1,889 at the time of writing, in three months. The $2,000 level is considered a key support point and analysts at Santiment say that traders are becoming more optimistic about the altcoin.

ETH crypto investment analysis by Cryptocrit

Santiment twitted “Ethereum is sitting rather quietly at $1,895 while XRP and Chainlink have been grabbing headlines as of late. Our latest insight takes a look at the under the radar metrics that could be very well hinting at an $ETH return above $2,000 and beyond.”

ETH technical analysis and overview:

Somehow it’s looking like ETH is now trading range is quite slow right now. So in this situation $1920 would be good enough for resistance level and $1880 as support.

Our technical team could believe that if the price could break $1920 resistance level then the next potential target to reach $2000. Which is earlier predicted by Santiment analyst.

If the price level could break $1920 resistance level then the new resistance will shift to $1945/$1975. But in the reverse case if it could break down from $1900 then there have a chance to fall it down to $1845/$1880 level.