Analyst Says Ethereum Primed to hit $10,000—Here’s Why it Could Happen ‘Real Soon’ ⋆ ZyCrypto
The post Analyst Says Ethereum Primed to hit $10,000—Here’s Why it Could Happen ‘Real Soon’ ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Ethereum (ETH) is still severely undervalued and could soar to never-before-seen levels in the long term. The second most valued crypto asset by market cap is currently underperforming, thus allowing for newbies to make their way into the market and take in ETH tokens at a lower cost. This bullish sentiment was shared on X by cryptocurrency investor and OKX partner Ted Pillows. Pillows, which currently boasts of 191,000 followers on the X platform, shared this bold outlook with other market participants in a recent post. In it, the market player made a bullish statement, explaining that ETH can increase its current price value by threefold. “ETH is a $10,000 token trading at $3,500.” He wrote, pointing to the M2 supply growth rate as a factor validating his bullish call. Notably, a rising M2 suggests that more money is in circulation and that ETH is positioning itself as a standard inflation hedge. While Pillows observed the occasional price dip, he maintained that they are, in fact, buying opportunities. Advertisement   “Look at the M2 supply growth, and ETH will rally in a similar way. Any dip before a new ATH is for buying,” He added. Market players have fixed their gaze on $4,000 as an attainable near-term target, maintaining that the recent price dip served as an entry point for buyers. ETH is not only outperforming near-term rivals like Solana (SOL), but the asset has unseated the big bull Bitcoin with sustained long-term gains, positioning it as a key altcoin competitor. At the time of this report, ETH is valued at $4,051. Up 109% over the last 90 days, and 46% over the last 30 days, ETH has emerged as the highest gainer within the top 5 category. Source: https://zycrypto.com/analyst-says-ethereum-primed-to-hit-10000-heres-why-it-could-happen-real-soon/
The post Analyst Says Ethereum Primed to hit $10,000—Here’s Why it Could Happen ‘Real Soon’ ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Ethereum (ETH) is still severely undervalued and could soar to never-before-seen levels in the long term. The second most valued crypto asset by market cap is currently underperforming, thus allowing for newbies to make their way into the market and take in ETH tokens at a lower cost. This bullish sentiment was shared on X by cryptocurrency investor and OKX partner Ted Pillows. Pillows, which currently boasts of 191,000 followers on the X platform, shared this bold outlook with other market participants in a recent post. In it, the market player made a bullish statement, explaining that ETH can increase its current price value by threefold. “ETH is a $10,000 token trading at $3,500.” He wrote, pointing to the M2 supply growth rate as a factor validating his bullish call. Notably, a rising M2 suggests that more money is in circulation and that ETH is positioning itself as a standard inflation hedge. While Pillows observed the occasional price dip, he maintained that they are, in fact, buying opportunities. Advertisement “Look at the M2 supply growth, and ETH will rally in a similar way. Any dip before a new ATH is for buying,” He added. Market players have fixed their gaze on $4,000 as an attainable near-term target, maintaining that the recent price dip served as an entry point for buyers. ETH is not only outperforming near-term rivals like Solana (SOL), but the asset has unseated the big bull Bitcoin with sustained long-term gains, positioning it as a key altcoin competitor. At the time of this report, ETH is valued at $4,051. Up 109% over the last 90 days, and 46% over the last 30 days, ETH has emerged as the highest gainer within the top 5 category. Source: https://zycrypto.com/analyst-says-ethereum-primed-to-hit-10000-heres-why-it-could-happen-real-soon/
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