Ethereum

Injective

Bitcoin

Green

BlackRock

The post <a href="https://coinpedia.org/press-release/eth-price-to-hit-10k-as-green-bitcoin-also-receives-bullish-forecast/">Analyst Backs Ethereum Price to Hit 10K as Green Bitcoin Also Receives Bullish Forecast</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite a recent pullback, analysts are rallying behind ETH for long-term upside, with one prominent trader voicing a $10K price target within the current market cycle. 
Meanwhile, experts are backing the newly launched Green Bitcoin to boom as its ICO surpasses $6 million. 
<h2 class="wp-block-heading" id="h-eth-will-hit-10k-and-is-preparing-for-next-leg-up-says-analyst">ETH Will Hit 10K and Is Preparing For Next Leg Up, Says Analyst</h2> 
Prominent trader CryptoJelle predicts a market cycle top of $10K for Ethereum and anticipates the price will breach $4K shortly. 
Currently trading at $3.3K, ETH is down 6.37% today and 16.04% this week, but it remains up 17.1% this month and 90.08% this year. 
It currently holds a $407 billion market cap and a $23 billion 24-hour trading volume, up 20% today. 
CryptoJelle provided his ETH price <a href="https://twitter.com/CryptoJelleNL/status/1768213110530228546?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">prediction</a> in a post on X, alongside forecasts for other prominent cryptos like Bitcoin, Solana, and Injective Protocol. 
The analyst’s prediction equates to a 203% increase from its current price. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/KA7nEq8DZ5zeGPRjWZ1LXZlQRWLujxWESC_Y3zcSjD79c89nxtqiz_WaCb2KR8iwf6FgQmaknduDit-4xhgG5s4ZC23jMoGzPKnBwq6mW2uBxUMp4bOCdBSnWKXhkjsgROqms2NDGvut8I2MYLZCZhM" alt="jelle-tweet">
</figure> 
In another tweet, CryptoJelle <a href="https://x.com/CryptoJelleNL/status/1768531936824180967?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">analyzed</a> Ethereum’s ongoing price action, noting that a consolidation phase is underway, to be succeeded by a break of $4K. 
“After nearly $2000 in gains, the $ETH trend is no longer your friend. Probably consolidates here to prepare for a break of 4k,” he predicted. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/iBagIQNhjioR2cq6M7KrkrmUdOeuV4lG2joN-G6mFFscofB1XFfLFK8bCVoW2hCp6NCOzydpVTDO12IA4XlTaH_Ehd0bapcnSpLzjQq5CjAKww3ln8WOcFEhOD65ERfVxtMgc8v4LfP6hB5tI6me1CA" alt="price-chart">
</figure> 
In an earlier post, he also <a href="https://x.com/CryptoJelleNL/status/1767548029421183111?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">explained</a> that Ethereum is undergoing a similar trajectory to previous cycles but alluded that the inclusion of potential spot ETFs could accelerate its bullish outlook. 
He wrote, “ETH is still playing out similarly to last cycle. The only difference is that this time, BlackRock and Fidelity have filed for a spot ETH ETF. We all know what the ETF did for Bitcoin; will ETH see the same outcome?” 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/BFGtBd_OSu0HwVtDK2i3X8oC8KKqtLP3c6TIrrSccbNzqTwvAQwYYfe5gxONXHklvgeTb5-MhKcsDQxY4Nct7K5IzylBXTS5f5xEcp66guRGqb-oDoWZusTk4nS1LSeWO4JZlX6qzVckCtGmDmnsXYk" alt="price-chart">
</figure> 
Market analyst and CEO of BecauseBitcoin, Max Schwartzman, takes a similar stance. He <a href="https://x.com/MaxBecauseBTC/status/1768644269605085653?s=20" target="_blank" rel="noreferrer noopener sponsored nofollow">anticipates</a> that Ethereum will follow a similar pattern to the last cycle, citing its relationship to Bitcoin. 
“When Bitcoin recovers from this sell-off, alt season begins,” he said. Max referenced the Ethereum price chart, labelling it the “king alt.” 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/uLXIQeA0Lrni1OtiYLhanzvf5Ado55kMQ4RkpECEiTp_2gGxalBsL7OqIrvFDLW7xQs47fyKn0DqG1i5YMiYZFLBM9xHgjZyJsEErrcKm3UaAJaFpym_aazb8cBULD8tixDbnXOTrCUXM596EN2TaPU" alt="btc-ath chart">
</figure> 
Despite its short-term volatility, Ethereum’s overarching outlook remains bullish. However, current market conditions present new opportunities daily. 
One of the most promising new cryptos is Green Bitcoin, an eco-friendly Bitcoin alternative on the Ethereum blockchain. The project is undergoing a presale and has raised over $6 million so far. 
<h2 class="wp-block-heading" id="h-could-green-bitcoin-also-be-poised-to-explode">Could Green Bitcoin Also be Poised to Explode?</h2> 
<a href="https://bs_08d89f01.coinpedia.care?referrer=analyst-backs-ethereum-price-to-hit-10k-as-green-bitcoin-receives-bullish-forecast" target="_blank" rel="noreferrer noopener sponsored nofollow">Green Bitcoin</a> is the ultimate staking crypto, inviting users to step inside a new paradigm of green and gamified crypto rewards. 
With a 92% staking APY and up to 100% bonuses on its Predict-to-Earn mechanism, $GBTC holders have numerous ways to compound their investment. 
The predictive mechanism offers an enigmatic outlook, enabling users to guess whether Bitcoin’s price will rise or fall the next day in exchange for crypto rewards. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/DTpZqhBnHbnt8kArBf4xar2EEOz2J_ww_pk_uG6sPWT8Gc_DnUDCOqu8gbfuzGWLqd6-77Pq2V1SlxTU3xVwoQs6j7gfcbk8r4o3goV7waVMATqX7N1ug3f-sTJMk5lp2ClvVX8izljJoCkF0JV79uA" alt="green-bitcoin">
</figure> 
Launching on Ethereum offers a low energy-intensive alternative to the original Bitcoin, often <a href="https://www.google.co.uk/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiVztjX0P-EAxUQnK8BHQaIAtAQFnoECDUQAQ&amp;url=https%3A%2F%2Fwww.spglobal.com%2Fmarketintelligence%2Fen%2Fnews-insights%2Flatest-news-headlines%2Fbitcoin-mining-energy-use-doubled-in-2023-as-crypto-prices-rose-79854382&amp;usg=AOvVaw0t-H2bj9mMfntSokW8beEN&amp;opi=89978449" target="_blank" rel="noreferrer noopener sponsored nofollow">criticized</a> for its unnecessary energy consumption. 
Consequently, the new rendition has fared a hit among media outlets, boasting features in Finbold, Inside Bitcoins, Cointelegraph, and many more. 
Analysts have also rallied in support, with Jacob Bury recently <a href="https://www.youtube.com/watch?v=VWvjq40oJNo&amp;pp=ygURZ3JlZW4gYml0Y29pbiAxMHg%3D" target="_blank" rel="noreferrer noopener sponsored nofollow">dubbing</a> it a “New 10x potential low market cap gem.” 
The blend of a compelling use case and deep-rooted support from media and analysts has garnered immense excitement within the investor community. 
So far, the presale has already raised an impressive $6.2 million. However, with a&nbsp; hard cap of $7 million and a price hike set to occur when the total raise hits $6.4 million, time is running out for potential buyers. 
<a href="https://bs_08d89f01.coinpedia.care?referrer=analyst-backs-ethereum-price-to-hit-10k-as-green-bitcoin-receives-bullish-forecast" target="_blank" rel="noreferrer noopener sponsored nofollow">Visit Green Bitcoin Presale</a>

Analyst Backs Ethereum Price to Hit 10K as Green Bitcoin Also Receives Bullish Forecast

Table of Contents

CoinPedia News

Άλλα άρθρα που δημοσιεύτηκαν στις 19 Μαρ 2024

Bonk Price Prediction: BONK Coin Plummets 20% As Traders Migrate To This Solana Airdrop Meme Coin...

Solana and XRP Big Investors Enter as Borroe Finance Presale Gains Momentum

Former Binance CEO CZ Teases Launch of Education Project

Mid-March Altcoin Dip Sets Stage for Undervalued Stars to Shine

Bitcoin’s price to cross $80K, but not in a ‘linear line’ – Binance CEO’s prediction

Techysquad Teams Up With Centroid Solutions

Join our free newsletter for daily crypto updates!