Ethereum (ETH) Still Unstable Despite Surpassing $1,500, As Bitgert (BRISE) Maintains A Bullish Outlook

The crypto market has been bullish this year, and most cryptocurrencies have registered a significant recovery from the December plunge. Ethereum (ETH) is one of the crypto coins that have posted impressive growth for the first two weeks of January.

Ethereum had increased 27% in 2023 and had recovered most of the December losses to post a 20% upsurge for the past 30 days of this writing. However, looking at the charts and price predictions for the next few months, Ethereum still looks unstable.

Though it has broken the $1,500 mark to trade at $1,563 this week, crypto analysts are pessimistic about it making significant growth in the next few days. In fact, the Ethereum price had already declined 2% in the past 24 hours to trade at $1,524 as of writing.

The price prediction by some whales is Ethereum might decline to $400 in the next few months, looking at how the stock market has been performing. With the gloomy global economic outlook and the recession likely to hit harder this year, Ethereum is among the cryptocurrencies that might plummet hard by Q2 2023.

That’s the reason why crypto analysts are still bearish about $ETH for the next few months. However, this position might change with time because the crypto market is highly volatile. But if the inflation remains high and Fed keeps raising the interest rates, then Ethereum will be affected.

Bitgert (BRISE) Still Looks Bullish

Like Ethereum, Bitgert has been doing quite well in the market this year. The coin has increased 20% this January, and looking at the past 7 days; it has risen by 22%. What is unique about the Bitgert performance today is that it has an upsurge of 6% in the past 24 hours as of writing, making it a better performer than Ethereum today.

Bitgert is one of the cryptocurrencies that crypto analysts are bullish about for the next few weeks. In fact, analysts believe that Bitgert will be among the coins that will withstand inflation and recession and give its investors good returns.

The disruptive developments that Bitgert is working on this year are some of the reasons crypto analysts believe this coin will do well in the next few days. The roadmap V2 delivery has been highlighted as one of the biggest drivers of an explosive $BRISE in the next few weeks.

Conclusion

Ethereum and Bitgert have the potential to end this month bullish if the bulls remain in control. However, Ethereum might be hit harder by the recession than Bitgert this year. This means $BRISE might be one of the best coins to buy and hold today.