Two popular cryptocurrency analysts shared updated charts for FET and ETH, revealing their price targets. FET Coin has recently drawn attention again, especially with OpenAI nearing the end of a $150 billion investment round. Numerous participants, including those from the UAE, are queuing up to invest, creating a positive outlook for FET Coin. So what do experts predict?
FET Coin Price Prediction
On August 5, crypto analyst Daan Crypto Trades highlighted an 80% drop over approximately four and a half months. He did not expect FET Coin’s price to fall below $0.50, and he was correct. After consolidating above $0.70, FET Coin began to rise again. Today, Daan commented;
“FET has nearly doubled since its lowest levels in August. This is quite strong. After hitting the lowest level this week, it seems to want to rise further. A key level for me is the local peak at $1.50, and a close above that could accelerate the rally.”
ETH Price Prediction
The recent closings above $58,000 for BTC prices are stabilizing market fear. QCP analysts do not expect significant volatility until the Fed’s decision next Wednesday. However, they mention a revival of investor appetite due to rising options demand for October and November. An analyst known as Phoenix shared his latest evaluation for ETH.
He does not foresee a new attempt at $2,111. Given the current status of BTC, the first target should be $2,856. Powell’s statements will be crucial for this medium-term price objective.
The historical negativity of September has done its part, and October needs to bring a rise. But how can the unwavering seller appetite at resistances be overcome? Perhaps we will see a significant triggering news event. Phoenix indicated that ETH is on the rise, marking a target of $3,600 by early 2025 as a possible scenario.
The analyst believes that the current movements resemble previous patterns, with RSI and price action signaling a potential rise.
