Ethereum Network’s cryptocurrency Ether (ETH) has returned to its 2021 levels this week, approaching its historic up to $4,900 (USD). This move unleashed multiple bullish projections that reflected the senses of FOMO (fear of missing out on opportunities).
Various enthusiasts say it If Bitcoin works, the ether may experience strong climbing (BTC), active maintains weakness in this cycle.
Investor Ted Palm noted that Bitcoin’s price as an asset worth over $2 billion has almost doubled from its 2021 maximum.
According to his vision, the story of the ether potentially reaching USD 10,000 in this cycle is “not FUD” (an English, uncertainty, doubt not an English acronym) is a concrete possibility.
“ETH is the best macro operation that exists: facility entry, high network activity, and levels below the 2021 maximum.
For that part, see Lennaert Snyder Cryptocurrency Analyst Look at the strong resistance of 4,800 US dollarsAccording to a map of potential liquidation of cumulative leverage operations.
In Tune, the trader known as Merlijn described USD 4,800 according to a map of potential liquidation such as the “final boss” of Ethereum. “The last fortress before the open sky. Longpanro and Ethereum enter vertical acceleration,” he said.
But he emphasized that Going to the end of the current cryptocurrency cycle. “The final wave of the Bitcoin game is forming,” he said since his opinion, asking investors for care.
«Bitcoin does not allow anyone who is late. Early rewards and punishes greedy people. The rockets are on the launch platform…but each launch ends with a free fall,” he said.
Meanwhile, trader Cas Abbé distinguished that This is the highest third quarter in history to date..
“To date, ETH has grown 80% in the third quarter and still has 1.5 months. With institutions buying a lot of ETH, this could be the best quarter in ETH history,” he cried.
Capitals help you predict ETH prices, says Melker
Market analyst Scott Mercer recalled that Ethereum domains remained stable for more than three years, ranging from 15% to 18%. Only during periods of extreme fear or greed could it move its range significantly up or down.
Pair Mercer, This range is a reasonable purpose for ETH to returncan even surpass bull markets with volatile turnover. This serves as an analysis point for predicting cryptocurrency prices.
He deepened it, and with the total capitalization of a cryptocurrency of 411 million US dollars ETH prices could rise to US$5,100 If you control 15% or 6,130 US dollars at 18%. With a more optimistic scenario, the total market’s US$10 billion range, the range expands between US$12,295 and US$14,754.
“The point you believe that the total cryptocurrency market will reach its maximum in this cycle will have a significant impact on the vision of ETH’s possibilities. The purpose is not to provide a full price forecast or to predict an accurate framework.
Currently, cryptocurrency total capital is around US$39.9 billion, with Bitcoin accounting for 58.5% and ether accounting for 13.6%. And while bullish projections dominate, as reported by Cryptoics, it is estimated that bullish markets could be in the final stages.
Therefore, it is important to remember that. Beyond the general enthusiasm, risk They still exist: Prices depend on supply and demand, and there is no guarantee that the upward trend will continue.
