Analysts believe that Ethereum (ETH) could stage a comeback in the crypto market and surge to $10,000. While ETH has underperformed compared to other altcoins in the current bull run, there are indications of a potential upward trend. Recent data shows increased inflows into Ethereum, with total inflows surpassing $573 million. Analysts predict that Ethereum's price could reach between $9,000 and $10,000 by May next year, representing a 177% increase from the current level. Technical indicators, such as falling wedges and regressions, suggest a bullish outlook. Ethereum has also surpassed key resistance levels and formed a golden cross pattern, indicating positive momentum. The bullish view depends on Bitcoin's price movement, with Ethereum potentially reaching over $5,000 in December if Bitcoin breaks through the resistance at $100,000. Despite losing market share to other networks, Ethereum remains a dominant player in the DeFi and DEX industries, with robust fundamentals and significant transaction volume.
- Content Editor ( invezz.com )
- 2024-11-30
Ethereum price prediction as crypto pundits sees it hitting $10k