Analysts: Ethereum price could soar to $3000 in days

Coinpedia reported that analysts pointed out that Ethereum (ETH) prices could soar to $3000 in the next few days or weeks, following previous support levels of $1580. Analysts believe that now is the best time to accumulate ETH, and if investors delay, returns may decrease. When Ethereum hit $1580 in early July, it has historically been associated with a gain of 35.48% to 202.66%. In addition, ETH broke through the $1800 market-to-realized value (MVRV) 0.8 pricing range in early August, a threshold historically that has typically pushed ETH prices up to or above its realized price of $2245. Another analyst, Michael van de Poppe, said that now is the ideal time to enter ETH and waiting for a clearer signal could bring risks.