Ethereum Price Prediction: Analyst Suggests $10,000 Milestone Possible – Crypto Insights
Ethereum made a big move on November 27, along with Bitcoin and other altcoins, bouncing back from a slump. The price hit $3,690, the highest it’s been since June, marking a 70% increase from its recent lows. One expert, Ali Martinex, predicts that Ethereum could reach $10,000 in this bull run, based on trend regression analysis from January of last year.
Another analyst, Daan Crypto Trades, also sees ETH gearing up for a strong first quarter in the upcoming year. Despite underperforming its peers this year, Ethereum’s technical indicators are looking strong. The daily chart shows a golden cross pattern, with key resistance levels being broken. If the price breaks above $4,088, we could see a run towards $5,000. However, failing to hold above $3,100 could invalidate this bullish outlook.
In the midst of Ethereum’s bullish forecast, it’s worth noting that the coin is facing competition from Solana (SOL), with Solana’s DEX protocols handling more volume recently. Despite these challenges, many analysts remain optimistic about Ethereum’s future price potential.
