Crypto analyst Ted has given his Ethereum price prediction, revealing when ETH will rally to as high as $10,000. This provides a bullish outlook for the second-largest crypto, which has underperformed for a while now.
Ethereum Price Prediction: When ETH Will Hit $10,000
In an X post, Ted revealed that the Ethereum price will hit $10,000 within three to four months. This came as the analyst noted that ETH was forming higher lows in the longer timeframe.
In line with this, he remarked that $4,000 remains the most crucial level, as reclaiming this level will send ETH to a new all-time high (ATH). Once that happens, the crypto opined that the crypto could hit $9,000 to $10,000 within three to four months.
Ted also alluded to the fact that Donald Trump’s World Liberty Financial has been buying ETH, stating they will continue to buy more. CoinGape reported that World Liberty Financial bought $71.5 million worth of ETH following Trump’s inauguration. Since then, the DeFi project has continued to accumulate more ETH, which is bullish for crypto.
Meanwhile, in a more recent X post, Ted mentioned that the Ethereum price has entered its short-term expansion phase. He remarked that he sees ETH rallying above $4,000 in the coming days before any correction. The analyst further opined that the crypto will hit $4,500 in February, and then a new ATH by March is likely, especially if Trump keeps buying Ethereum.
Possibility Of ETH Still Dropping To As Low As $2,100
Crypto analyst Ali Martinez raised the possibility of the Ethereum price dropping to as low as $2,100. In an X post, he stated that Ethereum’s market value to realized value (MVRV) has dropped below the 160-day moving average again.
He further revealed that the last time this happened was on June 23 last year, which led to a 40% price correction, with ETH dropping from $3,500 to $2,100. That range is crucial, as the crypto analyst revealed in another post that the key support zone for the Ethereum price lies between $2,230 and $2,610, where 11.99 million wallets accumulated 62.27 million ETH.
Crypto analyst Egrag Crypto also provided a bearish outlook for Ethereum, as he predicted that the XRP will flip ETH in this cycle to become the second largest crypto by market cap. According to him, money will no longer flow from BTC to ETH but from BTC to XRP, before then flowing to other major caps.
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