- Ethereum (ETH) could hit an ATH between $10,000 to $14,000 according to reputed analyst.
- He says this ATH is all but certain following the aftermath of the ETH ETF launch.
- So far, this analyst, Doctor Profit has been accurate with every ETH prediction he’s shared.
The Ethereum (Ether) ETH ETF launch is almost upon us. Just before the launch commences, reputed and renowned crypto analyst, Doctor Profit, shares his prediction for the aftermath of the launch. Known for his silver-tongued predictions, this analyst looks forward to a bright and bullish future for ETH price.
The big $ETH ETF report
— Doctor Profit
All you need to know:
Starting from today, all eyes are on the shining bull $ETH. Something and a promise I gave when called ETH first at $80 in 2020 and promised a bright future for ETH, following the bottom call at $900 in 2022 and the legendary call… pic.twitter.com/RyIq2ZExcE(@DrProfitCrypto) July 23, 2024
(@DrProfitCrypto) As we can see from his detailed ETH ETF report, the future is indeed looking good for ETH holders. Before he dives into ETH ETF matters, Doctor Profit takes a moment to shine light on his accurate ETH price predictions so far.
He begins by going all the way back to his first ETH call to $80 in 2020 when he first promised a bright future for ETH. Following this accurate prediction, he also went on to predict ETH price $900 in 2022, $1500 in 2023, and $2800 for the last dump two weeks ago.
According to CoinMarketCap analytics, the currency price of ETH is $3,450.41. Coming back to the prediction, Doctor Profit says that many expect there to be a dip in ETH price first before the price goes parabolic.
In his opinion, this has already been accounted for by the market. Thus, Doctor Profit expects a direct surge in ETH price. He says that the impact on ETH’s price will be 209% greater than the impact that BTC ETFs had on the price of BTC. This is because ETH’s market cap is three times smaller than Bitcoin’s.
Next, he talks about the incredible amount of funds and capital that will pour in USD form via ETH ETFs. So, he is certain that every dollar invested in ETH will be worth three times more at the end of the coming golden bull run phase.
Finally, he shares the most crucial part of his ETH ETF report, the prices that ETH can be expected to hit in the coming months. On this, he says that the peak price of ETH will range between $10,000 to $14,000.
In detail, he marks the ETH price progression as follows: Q3 2024: $4500 – $5500, Q4 2024: $5500 – $8000, Q1 2025: $5500 – $8000, and Q2 2025: $8000 – $14,000. He concludes by encouraging traders to not be shaken by short term price manipulation and instead to focus on the big picture. Lastly, he says the MA200 daily on the ETH price chart will help investors decide when to pump or simply hold.
Read Also
The post $14,000 ETH ATH Could Be Set for ETH Price Following ETH ETF Launch, Silver-Tongued Analyst Explains How appeared first on Crypto News Land.