Ethereum Price Could Surge to $20,000 Following Global M2 Money Supply

The Global M2 Money Supply chart, previously used to predict Bitcoin's price movements, is now being applied to Ethereum. Analysts suggest that Ethereum could reach five-figure prices.

Key Insights

• Analyst Ted Pillows uses the Global M2 Money Supply chart to show Ethereum's potential for a significant price increase.
• The current Ethereum price lags behind the money supply chart but may soon surge.
• A decline below $4,000 could occur but would be considered bullish due to liquidity at this level.
• Pillows predicts a potential rise of over 300%, with Ethereum reaching $18,000-$20,000 by 2026. A conservative estimate suggests $10,000.

$10,000 Target

• Titan of Crypto also forecasts Ethereum reaching $10,000, citing a Bull Pennant formation.
• Support levels are critical, with major support identified at $4,070 if $4,200 fails.
• This level could serve as a launch point for a 50% retracement, pushing ETH to $5,766.