{"id":519316,"date":"2023-02-11T08:00:10","date_gmt":"2023-02-11T08:00:10","guid":{"rendered":"https:\/\/wncen.com\/?p=519316"},"modified":"2023-02-11T06:07:50","modified_gmt":"2023-02-11T06:07:50","slug":"former-ark-invest-analyst-releases-new-ethereum-predictions","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/former-ark-invest-analyst-releases-new-ethereum-predictions\/","title":{"rendered":"Former Ark Invest Analyst Releases New Ethereum Predictions"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Chris Burniske<\/span><span style=\"font-weight: 400\">, a former Ark Invest analyst, was previously bullish in his ETH predictions. However, he seems to have backtracked a bit on his earlier analysis, admitting that Ethereum might hit rock bottom before its soars.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Ethereum, like other cryptocurrencies, declined in the crypto market today, down by 5.60% in 24 hours. However, Burniske is optimistic that Ethereum will rally after a brief decline.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-bear-market-back-or-slight-correction\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin Bear Market Back Or Slight Correction? Here\u2019s What\u2019s Going On<\/a><\/div>\n<h2>Chris Burniske Predicts Ethereum&#8217;s Price<\/h2>\n<p><span style=\"font-weight: 400\">Chris Burniske, a crypto analyst, stated that ETH wants to lead us to Valhalla next. <\/span><span style=\"font-weight: 400\">Valhalla<\/span><span style=\"font-weight: 400\"> figuratively means a place of merriment and signifies a price increase for Ethereum.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> looking like it wants to lead us to Valhalla next<\/p>\n<p>&mdash; Chris Burniske (@cburniske) <a href=\"https:\/\/twitter.com\/cburniske\/status\/97727488?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 8, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">He stated that an ETH\/BTC breakout after the Shanghai upgrade is a realistic scenario for the crypto pair. <\/span><span style=\"font-weight: 400\">ETH rallied<\/span><span style=\"font-weight: 400\"> on January 15 to $1,550 and has traded in this price region since then.\u00a0<\/span><\/p>\n<h2>Factors That Could Shoot Ether To The Moon<\/h2>\n<p><span style=\"font-weight: 400\">Ethereum is one of the most innovative crypto hubs for Web3, NFTs, and Metaverse-related technology. As a result, the network posted some new developments that will benefit the crypto community members on its <\/span><a href=\"https:\/\/blog.ethereum.org\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">blogs<\/span><\/a><span style=\"font-weight: 400\">. These upgrades include the Shapella upgrade and the ETH academic grants that cover many Ethereum-related career fields.<\/span><\/p>\n<h3>Ethereum Shapella Upgrade Draws Close And Might Influence Its Price<\/h3>\n<p><span style=\"font-weight: 400\">After a successful testnet, Ethereum&#8217;s development team announced the Shanghai + Cappella <\/span><a href=\"https:\/\/blog.ethereum.org\/2023\/02\/10\/finalized-no-38\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">(Shapella) mainnet<\/span><\/a><span style=\"font-weight: 400\"> upgrade, which has moved to public testnets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The <\/span><a href=\"https:\/\/zhejiang.ethpandaops.io\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Zhejiang testnet<\/span><\/a><span style=\"font-weight: 400\"> is live, and stakers and other ETH users can test-run Shapella today. Sepolia, one of the first long-lasting testnets, will undergo the upgrade on February 28, 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shapella comes with many interesting features. Stakers on the ETH consensus layer can withdraw their staked tokens. <\/span><a href=\"https:\/\/notes.ethereum.org\/@launchpad\/withdrawals-faq\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Full withdrawals<\/span><\/a><span style=\"font-weight: 400\"> will be accessed by validators who have exited, while partial withdrawals will be for validators with balances above 32 ETH.<\/span><\/p>\n<h3>Ethereum Ongoing Academic Grants<\/h3>\n<p><span style=\"font-weight: 400\">Ethereum network is offering <\/span><a href=\"https:\/\/blog.ethereum.org\/2023\/02\/10\/finalized-no-38\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">academic grants<\/span><\/a><span style=\"font-weight: 400\"> to users in specific fields after last year&#8217;s success recorded in the program. New fields were added for applicants ranging from cryptography to humanities. Users can apply for grants and pitch support for projects related to Ethereum, its protocol, security, and application.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/altcoin-surprises-investors\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">This Altcoin Surprises Investors With 76% Gains In The Last 24 Hours \u2013 Find Out Here<\/a><\/div>\n<h2>Ethereum Price Action<\/h2>\n<p><span style=\"font-weight: 400\">Ethereum is currently trading at $1,518, with minor gains. On the price chart, three consecutive red candles have formed for the past three days reflecting the bearish pressure in the market. However, ETH is still trading above its 50-day and 200-day <\/span><a href=\"https:\/\/www.tradingview.com\/chart\/nmZAKHKT\/?symbol=BITSTAMP%3AETHUSD\" rel=\"nofollow\"><span style=\"font-weight: 400\">Simple Moving Average (SMA)<\/span><\/a><span style=\"font-weight: 400\">, indicating the possibility of a price upturn.<\/span><\/p>\n<figure id=\"attachment_519318\" aria-describedby=\"caption-attachment-519318\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-519318 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/ETHUSDT_2023-02-11_09-24-19.png?resize=860%2C501\" alt=\"Former Ark Invest Analyst Releases New Ethereum Predictions\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-519318\" class=\"wp-caption-text\">Ethereum gains momentum on the current chart l <a href=\"https:\/\/www.tradingview.com\/x\/5jXPTot9\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">ETH might break the $1,510.94 support and fall even further. However, ETH price correlates to the price of Bitcoin and will rally once Bitcoin spikes on the charts again.<\/span><\/p>\n<p><em>Featured image from Pixabay AgelessFinance chart from TradingView.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chris Burniske, a former Ark Invest analyst, was previously bullish in his ETH predictions. However, he seems to have backtracked a bit on his earlier analysis, admitting that Ethereum might hit rock bottom before its soars.\u00a0 Ethereum, like other cryptocurrencies, declined in the crypto market today, down by 5.60% in 24 hours. However, Burniske is optimistic that Ethereum will rally after a brief decline.\u00a0 Related Reading: Bitcoin Bear Market Back Or Slight Correction? Here\u2019s What\u2019s Going On Chris Burniske Predicts Ethereum&#8217;s Price Chris Burniske, a crypto analyst, stated that ETH wants to lead us to Valhalla next. Valhalla figuratively means a place of merriment and signifies a price increase for Ethereum. $ETH looking like it wants to lead us to Valhalla next &mdash; Chris Burniske (@cburniske) February 8, 2023 He stated that an ETH\/BTC breakout after the Shanghai upgrade is a realistic scenario for the crypto pair. ETH rallied on January 15 to $1,550 and has traded in this price region since then.\u00a0 Factors That Could Shoot Ether To The Moon Ethereum is one of the most innovative crypto hubs for Web3, NFTs, and Metaverse-related technology. As a result, the network posted some new developments that will benefit the crypto community members on its blogs. These upgrades include the Shapella upgrade and the ETH academic grants that cover many Ethereum-related career fields. Ethereum Shapella Upgrade Draws Close And Might Influence Its Price After a successful testnet, Ethereum&#8217;s development team announced the Shanghai + Cappella (Shapella) mainnet upgrade, which has moved to public testnets. The Zhejiang testnet is live, and stakers and other ETH users can test-run Shapella today. Sepolia, one of the first long-lasting testnets, will undergo the upgrade on February 28, 2023. Shapella comes with many interesting features. Stakers on the ETH consensus layer can withdraw their staked tokens. Full withdrawals will be accessed by validators who have exited, while partial withdrawals will be for validators with balances above 32 ETH. Ethereum Ongoing Academic Grants Ethereum network is offering academic grants to users in specific fields after last year&#8217;s success recorded in the program. New fields were added for applicants ranging from cryptography to humanities. Users can apply for grants and pitch support for projects related to Ethereum, its protocol, security, and application. Related Reading: This Altcoin Surprises Investors With 76% Gains In The Last 24 Hours \u2013 Find Out Here Ethereum Price Action Ethereum is currently trading at $1,518, with minor gains. On the price chart, three consecutive red candles have formed for the past three days reflecting the bearish pressure in the market. However, ETH is still trading above its 50-day and 200-day Simple Moving Average (SMA), indicating the possibility of a price upturn. ETH might break the $1,510.94 support and fall even further. However, ETH price correlates to the price of Bitcoin and will rally once Bitcoin spikes on the charts again. Featured image from Pixabay AgelessFinance chart from TradingView.<\/p>\n","protected":false},"author":584,"featured_media":519317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8861,1946,78803,82423],"class_list":["post-519316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-ark-invest","tag-ethereum","tag-ethusdt","tag-nfts"],"acf":[],"yoast_head":"\n<title>Former Ark Invest Analyst Releases New Ethereum Predictions<\/title>\n<meta name=\"description\" content=\"Ethereum, like other cryptocurrencies, declined in the crypto market today, down by 5.60% in 24 hours. 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