Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000
17 Mayo 2024 - 12:00PM
NEWSBTC
A crypto analyst has made a daring prediction for Ethereum (ETH),
setting the timeline for when the world’s second-largest
cryptocurrency would embark on a significant rally to new all-time
highs above $10,000. Here’s When Ethereum Will Reach $10,000
A crypto analyst identified as ‘Yoddha,’ on X (formerly Twitter)
has announced the timeline for Ethereum’s ascent above $10,000.
According to Yoddha, Ethereum is expected to rally massively after
a period of accumulation and decline, continuously rising above
$10,000 by the end of the year. Related Reading: Why Did The
Bitcoin Price Rise Above $66,000 Today? The analyst’s ambitious
predictions are based on historical trends exhibited by Ethereum
from 2016 to 2024. He shared a chart depicting Ethereum’s price
action over these years, highlighting periods of accumulation,
interim peaks and volatility. Yoddha disclosed that from 2019
to 2021, Ethereum witnessed a period of accumulation marked by
multiple price fluctuations, including long declines and short
rallies. Following this, Ethereum surged significantly, reaching a
peak of $4,867 towards the end of 2021. This price range aligns
with the cryptocurrency’s all-time high of $4,878, achieved during
the previous bull market cycle in 2021. Based on these
historical trends, Yoddha identified a similar accumulation phase
in Ethereum’s price movements during this current market cycle. The
analyst noted that from 2022 to early 2024, Ethereum experienced an
accumulation and slightly bearish phase. Prior to reaching a
record high of $4,088 on March 12, 2024, Ethereum had experienced a
bearish trend in 2022 and 2023. The cryptocurrency also faced
declines on several occasions in 2024, especially around April and
May. Yoddha has indicated that Ethereum has successfully
concluded this accumulation and bearish period and is on track to
witness a massive rally towards $15,346, extending into the end of
2024. Analyst Says ETH Could Start Altcoins Season In another
X post, Yoddha indicated that Ethereum could start the upcoming
altcoins season. The crypto analyst has consistently emphasized the
impending launch of the highly anticipated altcoins season in
2024. He revealed that altcoins will begin to gain more
attraction once the hype surrounding meme coins diminishes.
Additionally, Yoddha revealed that 2024 could issue the biggest
altcoins season, encompassing healthy pullbacks and new all-time
highs. Related Reading: End Of The Road For BNB After 200% Surge?
Mounting Resistance Threatens Rally Presently, the price of
Ethereum is trading at $3,024, reflecting a 1.58% decline over the
past month, according to CoinMarketCap. A surge above $10,000 will
require the cryptocurrency to jump by more than $7,000, fueled by a
notable uptick in investor demand and interest in the
cryptocurrency as well as the potential introduction of an Ethereum
Spot ETF in 2024. Crypto analyst, Ali Martinez has revealed
that currently, Ethereum’s TD Sequential is presenting a “buy
signal” on ETH’s daily price chart. He predicts that Ethereum could
witness a rebound of one to four candlesticks from its recent price
drop. Chart from Tradingview.com
Bitcoin (COIN:BTCUSD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Bitcoin (COIN:BTCUSD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024