Analysts say Ethereum price will reach $10,000. ‘This is how the chips fell’.
Cryptocurrency analyst and trader Tyler Durden He expressed his optimistic feelings about Ethereum (ETH). The analyst suggested: ETH rise was inevitable And he said it was better for traders to follow the tide.
Ethereum is set to rise to $10,000.
Durden Mentioned in X (formerly Twitter) post Ethereum reaching $10,000 is the “most asymmetric bet” in crypto today. He also said, “What’s as frustrating as that is the way the chips fell,” hinting: Rise of ETH This price level was inevitable. He also hinted that he would bet on ETH regardless of what he thinks about the cryptocurrency token, noting that traders “trade the market” and not their emotions.
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The analyst suggested: Spot Ethereum ETF This will be key to ETH rising to $10,000. He claimed that Wall Street went to great lengths to get an Ethereum ETF approved, including changing Ethereum from a security. Therefore, he institutional investor We will try to make as much money as possible with these funds by increasing the price of Ethereum.
Other analysts shared similar sentiments to Durden, predicting that the Spot Ethereum ETF would contribute to a massive rally for ETH. Cryptocurrency analysts Ash Crypto and Eljaboom also recently predicted Thanks to these funds, ETH will rise to $10,000. Ash Crypto said it was only “a matter of time” before Ethereum reached this price level and the Spot Ethereum ETF was expected to begin trading soon.
Cryptocurrency analyst Altcoin Daily also previously mentioned He said ETH is “programmed” to hit $10,000 and cited the Spot Ethereum ETF as one of the reasons he believes the cryptocurrency token could rise to this price level. According to Bloomberg analyst Eric BalchunasThis spot Ethereum ETF will be available for trading starting July 2nd.
These funds are expected to contribute to ETH’s parabolic rise as they could bring significant inflows into the Ethereum ecosystem. Cryptocurrency research company K33 The fund is expected to attract net inflows of $3.1 billion to $4.8 billion within its first five months of trading.
Why it’s not worth betting on ETH
Durden mentioned the United States Securities and Exchange Commission (SEC) To further emphasize why it is obvious to bet against Ethereum, we have decided to stop looking into ETH. Ethereum developer Consensys stated in an X post: SEC Enforcement Division We have notified you that we are terminating our investigation into whether ETH is a security.
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They added that this means the SEC will no longer file charges alleging that ETH sales are securities transactions. The possibility of the SEC filing a lawsuit against Ethereum was expected to be a major catalyst that could suppress the price of ETH. SEC lawsuit against Ripplethis is believed It had a negative impact on the price of XRP.
However, with the SEC declining to file charges against Ethereum, the price of ETH is likely to rise, adding to the bullish narrative for the cryptocurrency token.
Featured image created with Dall.E, chart from Tradingview.com
