Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why

Crypto analyst XForce predicts that Ethereum could reach a new all-time high of $10,000 in this market cycle, despite lacking a macro fundamental to support this outlook. He believes that Ethereum is still looking to shoot for a new ATH this cycle and could end around $9,000 to $10,000. XForce notes that Ethereum's move up on shorter timeframes was objectively impulsive, indicating bullish rallies. Another analyst, Venturefounder, also predicts that Ethereum could reach $10,000, but only if it can flip $4,000 into support by the fourth quarter of this year. Titan of Crypto suggests that Ethereum is ready for a lift-off, but must clear the cloud and reclaim the Kijun around $2,500 for bullish momentum to resume. XForce provides an alternative scenario where Ethereum could rally to as high as $150,000, but notes that this is an idealized scenario with no logical approach. He warns that neither scenario provides proper context on the macro and advises choosing the best of the worst. At the time of writing, the Ethereum price is trading at around $2,400, down in the last 24 hours. Despite the predictions, Ethereum still needs to overcome significant hurdles to reach these ambitious targets.