Ethereum Price May Correct Few Hundred Dollars But Still Be Very Bullish!

Ethereum price just made it to the highs of $2691 for the first time since June 07. The sentiments, fundaments and charts are lining up for the as all eyes are on the London Hard Fork or EIP 1559 scheduled in a couple of days from now. After 12 straight days of a bullish stand, recording significant green candles, the ETH price could also add up yet another one. 

Moreover, the upgrade which is considered a milestone and a very important part of ETH 2.0 is mainly focused on the gas fees. The ETH supply from 12K-13K per day could be slashed to nearly 1500 to 2200 per day. And hence a substantial shortage may also be fast approaching creating a huge demand for the asset. 

Therefore a clear picture of a massive bull run for Ethereum could rally the price close to $3000. One of the popular analysts Pentoshi Wont DM You, laid a couple of price targets at $2800 and $3000. 

Story To Be Updated!