Cryptocurrency markets are not consistently rising every day. As of the preparation of this article, the BTC price has fallen to $91,466. Some altcoins that experienced rapid increases are now seeing losses exceeding 10%. The 24-hour loss for BTC approaches 7%, while experts have shared their latest market predictions for ZRO and ETH.
ZRO Coin Price Target
With BTC plunging deeper, CryptoBullet has released updated predictions for ZRO Coin, which they expect to yield significant gains in this cycle. The analyst’s initial target is set at $14, which is already exciting considering the current price.
“LayerZero update.
The ZRO Triangle has expanded, but nothing has changed. The target remains the same.
Macro Target 1 – $14
Macro Target 2 – $22
Macro Target 3 – $40
And these are conservative, by the way.”
What Will Ethereum (ETH) Price Be?
Ethereum is finding buyers at relatively high levels above $3,300 despite the recent BTC drop. While BTC has faced a 7% loss, ETH has only fallen by 4.3%. This discrepancy may indicate confidence in a general market rise and that ETH price is already low. Michael Poppe commented on the recent movements;
“As yields plummet, ETH price has also declined. What’s next?
I expect some consolidation and upward movement following the dismal labor market data in December. There’s a significant bullish divergence.”
An individual sharing graphs from the ETHBTC pair indicates a rise towards 0.046 and 0.051BTC, which could also provide a crucial opportunity for altcoins to gain strength.
Ethereum (ETH) $3,892 is not only seen as bullish by Poppe. Ali Charts noted in a recent graph that ETH price could initiate a new movement towards $3,560 after hitting the bottom within an ascending channel.
While SOL, AVAX, XRP, ADA, DOGE, and SHIB are experiencing average double-digit losses, ETH is stabilizing around $3,324. By the end of this article, BTC has managed to reclaim $92,200. It is essential for market participants to be aware of risks in both directions in this high-volatility environment.