Ethereum

2024

Defi

<p>The post <a href="https://coinpedia.org/news/top-analyst-predicts-ethereum-price-to-reach-12k-as-soon-eth-etf-goes-live/">Top Analyst Predicts Ethereum Price To Reach 12k, As Soon ETH ETF Goes Live</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Ethereum (ETH) bulls are getting active as the launch of spot Ether ETFs approaches in the next two months. In the last 24 hours, ETH has surged by 5% and is now trading at $3,907 with a market cap of $468 billion. Daily trading volumes have also jumped by 68%, reaching nearly $17 billion.</p> 
<h2 class="wp-block-heading" id="h-ethereum-eth-price-eyes-12k">Ethereum (ETH) Price Eyes $12K</h2> 
<p>Defi Mochi, a prominent crypto analyst, stated his realistic target for <a href="https://markets.coinpedia.org/ethereum/" target="_blank" rel="noreferrer noopener">Ethereum’s price</a> to be $9,500 to $12,000. This optimistic forecast is grounded in several key factors influencing the cryptocurrency market.</p> 
<p>Defi Mochi highlights increased political support for cryptocurrencies as a significant driver behind his prediction. As governments and regulatory bodies worldwide begin to embrace digital currencies, the legitimacy and potential of crypto assets are growing.</p> 
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   <p lang="en" dir="ltr">With that said my realistic target for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is approximately in the $9.5k to $12k range.<br><br>Given<br>◆ increased political support for crypto<br>◆$BTC being barely at previous ATHs<br>◆ increased adoption of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> by institutions<br><br>I Think none of us are bullish enough on Ultrasound Money.</p>— Defi_Mochi (@defi_mochi) <a href="https://twitter.com/defi_mochi/status/1794733821105262691?ref_src=twsrc%5Etfw">May 26, 2024</a>
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<p>One of the most compelling reasons behind analyst bullish stance is the increasing adoption of Ethereum by institutions. Over the past few years, <a href="https://coinpedia.org/news/shifting-trader-sentiment-from-bitcoin-to-ethereum-may-month-of-high-volatility/" target="_blank" rel="noreferrer noopener">Ethereum has garnered significant interest</a> from institutional investors, who see the platform’s potential beyond just a digital currency.&nbsp;</p> 
<p>Furthermore, the analyst points out that <a href="https://coinpedia.org/news/bitcoin-facing-consolidation-phase-legendary-crypto-analyst-predicts-btc-to-drop-to-61k-soon/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) is barely holding</a> at its previous all-time highs, suggesting that there is substantial room for growth within the crypto market.</p> 
<p>Meanwhile, with the combination of political support, Bitcoin’s market position, and institutional interest, Ethereum could very well achieve the ambitious targets set by analyst.</p> 
<h2 class="wp-block-heading" id="h-eth-price-to-reach-4-500-before-etf-goes-live">ETH Price to Reach $4,500 Before ETF Goes Live</h2> 
<p>Echoing a similar <a href="https://x.com/Arthur_0x/status/1794746610175615428" target="_blank" rel="noreferrer noopener nofollow">bullish stance Arthur</a>, the founder of DeFiance Capital, predicts that Ethereum (ETH) will reach $4,500 before spot ETH ETF trading begins. A survey by WuBlockchain in the Chinese community supports this optimism, with <a href="https://x.com/WuBlockchain/status/1794921168824311846" target="_blank" rel="noreferrer noopener nofollow">58% of respondents</a> believing ETH could rise to $10,000 or more in this market cycle.</p> 
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   <p lang="en" dir="ltr">DeFiance Capital founder Arthur predicts that ETH will be able to reach $4,500 before spot ETH ETF trading goes live. A survey conducted by WuBlockchain in the Chinese community shows that 58% people believe that ETH can rise to $10,000 and even more in this cycle.… <a href="https://t.co/WaYdCyhKS4">pic.twitter.com/WaYdCyhKS4</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1794921168824311846?ref_src=twsrc%5Etfw">May 27, 2024</a>
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<p>A Santiment chart shows that, as of May 19, the top 1,000 largest wallets held a total of 76.01 million ETH, indicating strong confidence from major investors.</p> 
<p>Also Check Out: <a href="https://coinpedia.org/news/ethereum-price-to-hit-this-level-before-eth-etf-trading-goes-live/">Ethereum Price To Hit This Level Before ETH ETF Trading Goes Live</a></p>

Top Analyst Predicts Ethereum Price To Reach 12k, As Soon ETH ETF Goes Live

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