Ethereum Price To Rally 928%? Why $10,000 Isn’t The Real ATH Target

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum continues to struggle to surmount the resistance that has mounted at $3,000, with bears maintaining a firm grip on the price. Nevertheless, bullish sentiment surrounding the Ethereum price has not been completely eroded. This suggests that investors still expect the price to recover from the current decline. Crypto analyst Master Ananda shares a more bullish view for the cryptocurrency, predicting that 5-figures remain in the future. Ethereum Price To Push Above $10,0000 In the analysis, Master Ananda explains that the Ethereum story is far from over. The crypto analyst pointed out the appearance of Trend-Based Fibonacci extension numbers on the Ethereum price chart . These suggest that the Ethereum price is getting ready for another major rally. Related Reading Bitcoin At The Bottom? The 23-Month Cycle That Has Never Failed 1 day ago Following this trend, the analyst believes that the digital asset’s price will hit 5-figures. However, despite $10,000 looking more elusive with each passing day, Master Ananda says it doesn’t look like the all-time high target for Ethereum. Instead, $10,000 is only a “mid-portion” target, meaning that he expects the price to rise higher . In contrast to the expected $10,000 target that Ethereum has been predicted to hit , the crypto analyst sees the price rising as high as $20,000 at this time. Such a recovery would mean an over 900% increase in price for Ethereum, and likely trigger an altcoin season, as has been the case in the past. Source: TradingView Looking at the chart, there are some major resistance levels where the bears could put up a fight. The first is around $4,900, where the current all-time high sits. Then, moving further along comes the $10,690 resistance. This is a natural resistance as $10,000 is expected to be a major psychological level. Related Reading Cardano Red Month Is Far From Over: Analyst Predicts Crash To This Target 2 days ago On the tail-end of this massive rally is the budding resistance that could send the Ethereum price crashing back downward at $20,000. This is expected to be the peak before the cryptocurrency moves into another bear market again. As for the timeframe for when this could happen , the crypto analyst explains that investors will not have to wait long for this to happen. “We don’t have to wait four years for this event to take place. It is all starting now… Ethereum is headed for a target of $20,000,” the post reads. ETH maintains support above $2,000 | Source: ETHUSDT on Tradingview.com Featured image from Dall.E, chart from TradingView.com