Main points
- One famous analyst predicts Ethereum (ETH) could hit $10,000signaling a potential rebound.
- Whale activity surges, Ethereum whales 430,000 ETH accumulated since early November, worth $1.4 billion.
- Ethereum’s Market Cap vs. Realized Value (MVRV) momentum suggests significant upside potentialindicating a strong rebound in the future.
Ethereum’s bold $10,000 prediction and growing rumors
Popular market analyst Ali Martinez’s bold predictions are currently making waves in the cryptocurrency world. Martinez predict Ethereum (ETH) could surge to $10,000 in the near future, potentially outperforming Bitcoin.
This bold prediction comes against the backdrop of a steady rise in Ethereum market activity, especially following increased whale buying and promising technical indicators.
Martinez believes that Ethereum is on the verge of a major market rebound. This potential rally is driven by continued whale accumulation and favorable on-chain indicators.
He commented: “Every market cycle goes through a phase where Ethereum outperforms Bitcoin. In the current cycle, this has not happened yet, but it is definitely about to happen.”
Although Ethereum price has experienced a 10% correction from its November high of $3,400, Bulls hold on to $3,000 support.
Martinez’s analysis noted that Ethereum has the potential to test higher targets, first $4,000, then $6,000, and finally $10,000.
Whale activity and market indicators support Ethereum’s surge
A key driver of Ethereum’s potential rally is ongoing activities Among Ethereum Whales. Since early November, these whales have purchased a staggering 430,000 ETH worth approximately $1.4 billion.
This massive accumulation signals confidence in the asset’s future performance and hints at imminent price gains.
In addition to whale activity, Ethereum’s Market Cap and Realized Value (MVRV) momentum also points to significant upside potential. this MetricTracking the difference between Ethereum’s market price and its actual price, it has been trending positively. This reinforces the belief that Ethereum is about to break out.
As Martinez noted, Ethereum’s price action could mirror that of the S&P 500, allowing ETH to eventually surge towards the $10,000 mark.
He added, “Ethereum is likely to mirror the price action of the S&P 500, which targets ETH at $10,000.”
Slow but steady growth: ETH’s long-term momentum
While the price of Ethereum remains relatively stable, hovering around $3,100, A slow but steady upward trajectory is taking place.
analyst I am a crypto wolf Echoing Martinez’s prediction. The analyst asserts that ETH’s gradual rise, characterized by a move above the past 2.5-year lows, sets the stage for a break above the $4,000 mark.
The analyst said: “ETH has been building solid momentum and making higher lows over the past 2.5 years. Yes, it’s been slow, but it takes time to build momentum. Once you’ve run 4km, you can start Competition. 10k is the goal.”
The market is still heavily influenced by Bitcoin’s dominance, with altcoins including ETH still waiting to shine. If ETH rebounds, the broader altcoin market could see significant gains, Further pushing the price of Ethereum to reach the desired target.
Ethereum is trading $3,110a slight decrease of 1% from the past week. Despite the minor pullback, Ethereum remains well supported at the $3,000 level.
In addition, nearly 2.82 million addresses hold a total of 6.14 million ETH. This solid support signals investor confidence in the asset’s long-term potential.
Additionally, Ethereum’s futures market grew by 1% open interest Over the past 4 hours, this shows continued interest among traders in Ethereum.
As Ethereum whales continue to accumulate and market momentum increases, all signs indicate that Ethereum may eventually break through the $4,000 mark.
View all posts by Rida Fatima
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