Analyst Predicts Ethereum Could Reach Cycle Top of $15,000
On August 10, analyst Miles Deutscher discussed Ethereum's breakout above $4,000, indicating a confirmed market advance toward new all-time highs. He emphasized the importance of a daily and weekly close above this level, which Ethereum hasn't achieved since November 2021.
Price Predictions for Ethereum
Deutscher analyzed potential price targets for Ethereum:
- 2025 peak probabilities suggest a 75% chance to revisit $4.7k
- Over 60% likelihood to exceed $5k
- 30% probability to reach $6k
- High-single-digits chance to breach $7.5k
- 1% chance to hit $10k this year
Extending predictions to 2026 increases confidence: 70% for $4.7k-$5k, over 50% for $6k, and around 40% for $7.5k. Grok’s model suggests a base case of $10,000 with an $8,000–$15,000 potential peak range.
Key technical levels include a break above $4,800 signaling pursuit of new highs, while a drop below $3,800 could invalidate bullish sentiment. Deutscher warns that falling below $3,400 may impair short-term bullish momentum, but maintaining above $4,000 supports the upward trajectory.
Market Dynamics Favoring Ethereum
Deutscher highlighted several factors supporting Ethereum:
- $17 billion in net inflows into crypto ETFs, with $11 billion in July
- Access to retirement accounts potentially increasing new buyer interest
- Positive regulatory developments from the GENIUS Act enhancing institutional strategies
- Record high stablecoin levels and resilience during sell-offs
- A shift in bitcoin dominance historically precedes altcoin rotations
He anticipates fluctuations between Bitcoin strength and Ethereum's growth, predicting a second-leg rally into 2026 while cautioning against unexpected market changes.
At the time of reporting, ETH was priced at $4,303.
