Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum
12 Janeiro 2024 - 10:00AM
NEWSBTC
Crypto Expert Anthony Sassano has provided a bullish narrative for
the Ethereum ecosystem. Based on this, he believes that Ethereum
could hit a new all-time high (ATH) this year. The analyst also
went as far as predicting what price level ETH could hit in
particular. ETH Could Rise To As High As $10,000 This Year
Sassano stated that ETH could hit $10,000 if the Ethereum Spot ETF
hype were to get “ahead of itself.” These ETFs are believed to be
next in line for an approval order by the Securities and Exchange
Commission (SEC). That could explain why the crypto expert has
handpicked them as the catalyst for this massive increase in ETH’s
price. Related Reading: Is Cardano The Next Solana?
Institutional Investors Clamor For ADA Exposure Meanwhile, even if
the $10,000 price level isn’t attained, Sassano believes that ETH
could still rise to as high as $6,000 before the year runs out.
Before making these price predictions, he had explained why he was
so bullish on the Ethereum ecosystem. According to him, Ethereum is
going to gain a lot of interest from institutions because of the
yield it affords them. Ethereum, being a proof-of-stake
network, provides an opportunity for investors to stake their ETH
tokens and earn some rewards in return. This institutional interest
in Ethereum is going to be further driven by the launch of Ethereum
Spot ETFs, Sassano opined. He further suggested these yields will
also give Ethereum an edge over Bitcoin. Interestingly,
crypto analyst Altcoin Daily had before now stated that ETH hitting
$10,000 was “programmed.” He alluded to the higher yields on the
network as one of the reasons for his assertion. However, unlike
Sassano, Altcoin Daily didn’t suggest a timeline for when the
crypto token will hit this price level. ETH price crosses
$2,600 resistance | Source: ETHUSD on Tradingview.com Is The
Market’s Attention Turning To Ethereum? ETH rallied following the
SEC’s approval of the Spot Bitcoin ETFs on January 10, while
Bitcoin didn’t see much action. That could suggest that the market
was already turning its attention to the Ethereum Spot ETFs. It
also shows that the Bitcoin market was likely already priced in
before the approval came in. Related Reading: Crypto Analyst
Reveals Why $0.087 Is A Key Profitable Level To Watch For Dogecoin
If that is the case, the second-largest crypto token by market cap
could begin to post some major gains ahead of a potential approval
of the Ethereum ETFs in May. This would be something similar to
what happened with Bitcoin, which resurged on the back of rumors
involving the Spot Bitcoin ETFs. At the time of writing, ETH
is trading at around $2,580, down in the last 24 hours, according
to data from CoinMarketCap. Featured image from Cointribune,
chart from Tradingview.com
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Dogecoin (COIN:DOGEUSD)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024