“`html
Reasons to have confidence
Rigorous editorial guidelines that emphasize precision, significance, and neutrality
Developed by field specialists and thoroughly vetted
The utmost quality standards in journalism and publishing
Rigorous editorial guidelines that emphasize precision, significance, and neutrality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Crypto analyst Crypto GEM has given an extremely optimistic forecast for the Ethereum price, anticipating that it may hit a new all-time high (ATH) during this market cycle. According to his assessment, ETH could achieve a 3x increase as it embarks on this parabolic surge.
Ethereum Price Expected to Surge to $8,000
In an X post, Crypto GEM proclaimed that the Ethereum price will ascend parabolically this cycle, forecasting that it could reach as high as $8,000. His supplementary chart indicated that ETH can attain this goal by July 2026. Crypto analyst Mikybull Crypto has also mentioned that his targets for ETH in this cycle are between $8,000 and $10,000.
Related Reading
In a recent evaluation, Mikybull Crypto revealed that the current Ethereum price displayed a similar price movement to the 2017 market cycle. Based on this resemblance, he observed that ETH could aim for a higher price target of at least $8,000. Despite the altcoin’s subpar performance in this cycle, the analyst remains confident that it will still achieve a parabolic rally in this upward trend.
In the short term, Mikybull Crypto forecasts that the Ethereum price can rise above $3,000. In an X post, he mentioned that ETH is still consolidating within the rising triangle. He added that the target is $3,200 for this potential breakout. He further reaffirmed this prediction in another X analysis.
The analyst asserted that the same pattern is unfolding in a different context and emphasized that market participants should prepare for a “melt-up.” His accompanying chart illustrated that the Ethereum price could even surge above $3,600 in this ascent. This would position ETH near the psychological $4,000 mark, which may facilitate the journey toward a new all-time high (ATH).
ETH Targets $3,800 As Bull Flag Develops
In an X post, crypto analyst Titan of Crypto anticipated that the Ethereum price could rise to $3,800 as a bull flag forms. He stated that ETH has just broken out and that this bullish pattern is emerging. If confirmed, the analyst noted that the next goal lies around $3,800. This is merely a provisional target as Titan of Crypto expects Ethereum to climb even higher in the long term.
Related Reading
Like Crypto GEM and Mikybull Crypto, the analyst also maintains that the Ethereum price can reach $8,000 eventually. In an X post, Titan of Crypto emphasized the market structure of Ethereum and its possible targets. The first aim for ETH is slightly above $5,000, the second is just over $7,000, and the third target is $8,500.
At the time of writing, the Ethereum price is trading around $2,500, having declined in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
Source link
“`
