Both $ETH and $BTC are rallying, and Andrew Kang believes the trend will prevail
The 3.8k target is presumably a reference to Ethereum, suggesting Kang anticipates a rise to $3,800. Ethereum recently experienced a relatively smooth staking unlock, and the market has shown optimism, with many investors reentering the market.
However, the most intriguing part of Kang's tweet is the mysterious $3.8 target. Speculation has been rife among his followers, with some suggesting it could be related to, currently trading at $1.5 and boasting a 20% increase in the last 24 hours. If this speculation proves accurate, a rise to $3.8 would represent a significant increase for the promising Layer 2 scaling solution.
It is important to remember that Kang's predictions are not guarantees, and investors should always approach such predictions with caution. Market conditions can change rapidly, and the effect of a massiveHowever, Kang's bullish outlook on Bitcoin and Ethereum, as well as the potential link to Arbitrum, may become a sign for anyone who has been thinking about entering the market and having a bullish outlook on it.
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