Geoffrey Kendrick said that the Ethereum price could reach the $35,000 target in the long run.

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Geoffrey Kendrick said that the Ethereum price could reach the $35,000 target in the long run.

Kendrick stated that despite the pullback in cryptocurrencies, institutional funds are flowing into the crypto sector.

100K DOLLARS DID NOT HOLD THE TARGET IN BITCOIN

In addition, Kendrick said in his analysis in September that the price of Bitcoin will reach 100 thousand dollars by the beginning of 2022. Although the Bitcoin price broke the all-time record by seeing $69,000 in November of last year, it entered the bear market after this date. Bitcoin failed to achieve the expected rise earlier this year.

FED FALL IN CRYPTO COINS

The US Federal Reserve (Fed) is expected to increase the policy rate by 50 basis points at the meeting to be held on May 3-4. With the Fed going to monetary tightening, selling pressure on crypto money and stock markets increased. With the global strength of the dollar, there are downward movements in digital assets.



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Tags:
Geoffrey Kendrick said that the Ethereum
price could reach the $35000 target in the long run.
Kendrick said in his analysis in September that the price
of Bitcoin will reach 100 thousand dollars by the beginning of 2022
The US Federal Reserve Fed is expected to increase the
policy rate by 50 basis points at the meeting to be held on May 3-4
With the global strength of the dollar
there are downward movements in digital assets
Although the Bitcoin price broke the all-time record