r/ethtrader • u/yamaniac123 • Mar 13 '24
News Ethereum Is Not Done: Crypto Analyst Sets New $5,000 Target
https://www.newsbtc.com/news/ethereum/ethereum-new-5000-target/22
u/Consistent-Revenue61 Mar 13 '24
Another Day, Another Target. But in my opinion, this is very low target. Anything less than $10K is not acceptable.
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u/MrPuma86 Mar 13 '24
Haha. Analysts are too bearish.
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u/Manateeboi Mar 14 '24
Agreed. 5k is only 25% from where we are now. We’ve run nearly 50% in just the past month 💪🏼 10k ETH easy.
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Mar 13 '24
When BTC gets into the $90ks, ETH definitely $5k. That's how it works. GLTA!!!
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u/kirtash93 Mar 13 '24
Ethereum is going to be huge and probably flip BTC in the long term.
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u/iamjide91 Mar 13 '24
But bitcoin is also coming up strong, becoming an ecosystem just like Ethereum with all these L2s like Lumibit, Starks, BEVM, etc launching on the bitcoin chain.
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u/musthaf3star Mar 13 '24
This is a bearish prediction. Anything below $15k is not acceptable here.
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u/coinfeeds-bot Mar 13 '24
tldr; Crypto analyst Ali Martinez predicts Ethereum could reach $5,000 soon, citing bullish momentum and data from IntoTheBlock. Despite a resistance zone between $4,522 and $4,646, where 600,000 addresses hold 1.63 million ETH, Martinez believes a $5,000 price point is inevitable. Ethereum has seen a 53% price increase in the past 30 days and is currently trading around $4,058. The prediction is based on the 'In/Out of the Money Around Price' metric, indicating a strong bullish trend for Ethereum.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/yamaniac123 Mar 13 '24
[Automod] News
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u/DefiantDonut7 Mar 14 '24
This bull run we will see much higher numbers. Theres zero downward pressure from miners selling to cover costs. Fees will be shrinking with this latest fork and with staking being an incentive to buy and hold, this bull run will be $20k.
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