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BTC continues to drift away from the $67,000 target as altcoins face ongoing declines. Cryptocurrency traders have significantly lost their risk appetite due to weak movements over the past two quarters. For a recovery to occur, BTC must conclude its movements aimed at the $50,000 target. Today, prominent cryptocurrency experts announced updated price targets for EIGEN, CAT, and ETH. What levels are they highlighting in their charts?
EIGEN Token Price Target
EIGEN Token has made an impressive launch and has been a long-awaited token. During the latest market assessment, EIGEN Token was discussed by Altcoin Sherpa. According to him, we can expect significant rises for this token. He even mentioned that it could experience high interest similar to PEPE Coin.
“The logic suggests that EIGEN should take a breather for a few days and then move like PEPE Coin. The plan is to closely monitor this chart in lower timeframes and find a way to enter. I still think it appears cheap compared to previous evaluations at $7 billion. I wonder if it will have a price movement like TIA; we will see. I don’t believe it will behave like some recently hyped FDV projects such as W or STRK.”
CAT and Ethereum (ETH) Insights
We previously shared that some experts have growth targets for relatively lesser-known meme coins like CAT Coin. However, the overall weakness in cryptocurrency market sentiment has not provided the necessary environment for alternatives like CAT Coin to thrive. The graph shared by TraderSZ indicates that, despite this, the price could rise to $0.00007. Of course, this requires closing above $0.000045.
ETH is at a decisive moment again. The price fell below $2,560, significantly affected by the recent drop in BTC. The rapid rejection of BTC from resistance tests and the resultant upheaval of altcoins confirm the extent of the lack of risk appetite.
The crypto analyst known as Yoddha shared the above graph, stating, “You don’t need complex technical analysis; what’s next for ETH is clear.” According to him, a new movement towards $4,650 may start soon.
