Analysts Predict Ethereum (ETH) Could Hit $10,000 by Year-End Amid Bullish Signals

Cryptocurrency analysts are optimistic about Ethereum (ETH) price, with some predicting a surge to over $10,000 by year-end, supported by technical indicators and bullish sentiment.

Prominent cryptocurrency analysts have recently expressed bullish sentiment regarding Ethereum ($ETH), the second-largest cryptocurrency by market capitalization. One notable prediction suggests that ETH could surge to over $10,000 by the end of the year.

Michaël van de Poppe, a well-known cryptocurrency analyst with over 700,000 followers on the platform X (formerly known as Twitter), shared his optimism, indicating that ETH is poised to reach a higher support level. He noted that “good times are there in a few weeks time,” as Ethereum approaches the end stage of its current correction.

At the time of writing, Ethereum is trading at $2,975, having lost around 2% of its value over the last 24 hours and remaining flat over the past month. While it has underperformed compared to Bitcoin ($BTC), which dropped 0.3% over the past 24 hours but gained 8% over the last 30 days, analysts remain hopeful about ETH potential.

Another cryptocurrency analyst, CryptoYoddha, has taken an even bolder stance, suggesting that Ethereum could surpass the $10,000 mark before the end of the year. This prediction is bolstered by recent observations from Ali Martinez, another popular analyst, who noted that the TD Sequential indicator is presenting a “buy signal” on Ethereum daily chart. Martinez suggested that the cryptocurrency could “see a rebound of one to four candlesticks” on its daily chart.

The TD Sequential indicator, developed by Tom DeMark, is a favored tool among traders and analysts for identifying potential buy or sell signals in the market. It forecasts the timing of price points where a trend could exhaust itself and reverse through a series of numbers (sequentials) plotted on price charts, based on specific criteria related to the asset closing price over a set number of periods. A “buy” signal from this indicator implies that the asset price is likely to increase, suggesting a potentially opportune time for investors to enter the market.

As analysts continue to monitor these bullish signals and technical indicators, the cryptocurrency community eagerly anticipates Ethereum next move, eyeing the potential for significant gains by year-end.

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