Crypto Analyst Predicts Ethereum Could Reach $10,000 This Market Cycle
Crypto analyst XForce predicts that Ethereum could reach a new all-time high of $10,000 in this market cycle. He noted the lack of macro fundamentals supporting this outlook but considers it an "ideal" scenario.
Price Prediction Highlights
- XForce sees Ethereum aiming for $9,000 to $10,000, stating recent movements are bullish based on technical indicators.
- He acknowledges no solid macro scenario exists to support this price target but maintains it as his primary prediction.
- Analyst Venturefounder also predicts $10,000, contingent on ETH flipping $4,000 to support by Q4 2023.
- Titan of Crypto suggests Ethereum must clear key levels around $2,500 to resume bullish momentum after recent fluctuations.
Ultra Bullish Scenario
- XForce presented an alternative scenario where Ethereum could potentially reach $150,000 based on an idealized 5-wave structure.
- This projection suggests reaching the $150,000 target by July 2028 but lacks logical support in current market conditions.
- Current Ethereum price is approximately $2,400, reflecting a decline over the last 24 hours.
