Crypto analyst reveals optimistic year-end prediction for Ethereum

Cryptocurrency expert Anthony Sassano offered an optimistic explanation. Ethereum ecosystem. Based on this, he believes that Ethereum could hit a new all-time high (ATH) this year. The analyst also went as far as predicting. ETH price level You can especially hit it.

ETH could rise up to $10,000 this year.

Sasano decided What if ETH could reach $10,000? Ethereum Spot ETF The hype was about getting “ahead of yourself.” These ETFs Believed to be next in line This is to obtain an approval order from the U.S. Securities and Exchange Commission (SEC). This may explain why cryptocurrency experts hand-picked it as the catalyst for the massive rise in the price of ETH.

Meanwhile, Sassano believes that ETH can still rise to the $10,000 level even if it fails to reach that price level. Up to $6,000 Before the year is over. Before making these price predictions, he explained why he is so optimistic about the Ethereum ecosystem. According to him, Ethereum will gain a lot of interest from institutions because of the returns it offers.

ethereum, It is a proof-of-stake network, which offers investors the opportunity to stake ETH tokens and earn some rewards in return. This institutional interest in Ethereum will be further fueled by the launch of: Ethereum Spot ETF, Sassano commented. He also suggested that these returns would give Ethereum an edge over Bitcoin.

Interestingly, cryptocurrency analyst Altcoin Daily reports: before I say it now The fact that ETH reached $10,000 was “programmed”. He cited the network’s higher yields as one of his reasons for his claim. However, unlike Sassano, Altcoin Daily did not offer a timeline for when the cryptocurrency token might reach this price level.

ETH price crosses $2,600 resistance | Source: ETHUSD on Tradingview.com

Is the market’s attention turning to Ethereum?

ETH rallied as follows: SEC approval Although the Spot Bitcoin ETF was announced on January 10, Bitcoin did not see much action. This may suggest that the market is already turning its attention to Ethereum spot ETFs. This also means that the Bitcoin market It is likely that the price has already been set. Before approval comes.

If so, the second-largest cryptocurrency token by market capitalization could start to see big gains ahead of potential approval. Ethereum ETF in May. This will be something similar to what happened Bitcoin is back again As per the rumors regarding Spot Bitcoin ETF.

At the time of writing, ETH is said to be trading around $2,580 over the past 24 hours. data From CoinMarketCap.

Featured image from Cointribune, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.