Standard Chartered analysts say that if this happens, Ethereum price will reach $10,000.
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Analysts at Standard Chartered, a British multinational bank, predicted: Ethereum (ETH) price It could potentially rise to $10,000 in response to political changes expected to occur in the future. Upcoming United States (US) Presidential Election.
Standard Chartered predicts Ethereum at $10,000.
From the director’s research notes Standard Chartered Cryptocurrency Research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if: donald trumpThe former US president wins the upcoming election.
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explore your potential Impact of the Trump Administration The future of the digital asset industry, Kendrick predict Both Ethereum and Solana (SOL) will significantly outperform Bitcoin (BTC) and hit new all-time highs. The report assumes that changes in a country’s political system tend to have a significant impact. Influence the trajectory of major digital assets Over time.
Based on this observation, Kendrick expects: Solana will perform much better Ethereum under the Trump administration. While Ethereum is likely to witness significant growth and maintain its ranking as the top altcoin with the largest market capitalization, a Trump victory could change market dynamics, potentially triggering higher gains and adoption of rival Solana.
In other words, in the current case U.S. Vice President Kamala Harris Kendrick’s report predicts that Ethereum could surge to $7,000, a 30% drop, or $3,000, from the Trump administration’s expected $10,000 target. However, under Harris’ leadership, Ethereum will solidify its position as a leading altcoin. Potentially surpasses Bitcoin And Solana has benefited.
It is important to note that Standard Chartered reduced its initial forecast for Ethereum by almost 50%, highlighting the volatility and unpredictability of the market. to previous reportThe multinational bank predicted that Ethereum could reach $14,000 by 2025. Spot Ethereum ETF.
Although the Spot Ethereum ETF has received approval and is now trading, the price of Ethereum is still well below $3,000. Nevertheless, the result is us presidential election The release date scheduled for November 5 could have a stronger impact on Ethereum and potentially trigger a massive rally to new highs.
ETH will fall to $1,600 if major support fails
While market experts are optimistic about the price of Ethereum, renowned cryptocurrency analyst Ali Martinez is more bearish, predicting that the altcoin will see a significant downside if it fails to maintain certain levels. took. critical level of support.
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On X (formerly Twitter) mail On Monday, Martinez said that if Ethereum can stay above the $2,300 support threshold, Price may break through It reached an all-time high of $6,000. On the other hand, if the top altcoins fail to hold this level, they could see a significant decline towards the next support level at $1,600.
At the time of writing, Ethereum is trading at $2,432, and a drop to $1,600 would cause the cryptocurrency’s price to plummet by 34.21%.
Featured image created with Dall.E, chart from Tradingview.com
