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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.
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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.
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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
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