Altcoin
Here’s When ETH Will Hit $10,000
Crypto analyst Ted has given his Ethereum price prediction, revealing when ETH will rally to as high as $10,000. This provides a bullish outlook for the second-largest crypto, which has underperformed for a while now.
Ethereum Price Prediction: When ETH Will Hit $10,000
In an X post, Ted revealed that the Ethereum price will hit $10,000 within three to four months. This came as the analyst noted that ETH was forming higher lows in the longer timeframe.
In line with this, he remarked that $4,000 remains the most crucial level, as reclaiming this level will send ETH to a new all-time high (ATH). Once that happens, the crypto opined that the crypto could hit $9,000 to $10,000 within three to four months.
Ted also alluded to the fact that Donald Trump’s World Liberty Financial has been buying ETH, stating they will continue to buy more. CoinGape reported that World Liberty Financial bought $71.5 million worth of ETH following Trump’s inauguration. Since then, the DeFi project has continued to accumulate more ETH, which is bullish for crypto.
Meanwhile, in a more recent X post, Ted mentioned that the Ethereum price has entered its short-term expansion phase. He remarked that he sees ETH rallying above $4,000 in the coming days before any correction. The analyst further opined that the crypto will hit $4,500 in February, and then a new ATH by March is likely, especially if Trump keeps buying Ethereum.
Possibility Of ETH Still Dropping To As Low As $2,100
Crypto analyst Ali Martinez raised the possibility of the Ethereum price dropping to as low as $2,100. In an X post, he stated that Ethereum’s market value to realized value (MVRV) has dropped below the 160-day moving average again.
He further revealed that the last time this happened was on June 23 last year, which led to a 40% price correction, with ETH dropping from $3,500 to $2,100. That range is crucial, as the crypto analyst revealed in another post that the key support zone for the Ethereum price lies between $2,230 and $2,610, where 11.99 million wallets accumulated 62.27 million ETH.
Crypto analyst Egrag Crypto also provided a bearish outlook for Ethereum, as he predicted that the XRP will flip ETH in this cycle to become the second largest crypto by market cap. According to him, money will no longer flow from BTC to ETH but from BTC to XRP, before then flowing to other major caps.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Sonic Labs co-founder Andre Cronje has explained the reasons for Ethereum’s (ETH) faltering price performance in recent months. The DeFi godfather points to rising competition from Solana and Tron and internal wrangling on Ethereum as reasons for the network’s decline.
Andre Cronje Identifies A Boatload of Factors Affecting Ethereum
As analysts continue to scratch their heads over Ethereum’s underperformance, Andre Cronje has thrown his hat in the ring to explain the asset’s decline. Cronje took to X (formerly Twitter) to rationalize falling Ethereum prices in the face of major catalysts for the network.
Top on the list for Cronje are layer 2 projects “ruining” user experiences via fragmented liquidity and the use of centralized sequencers. Cronje notes that the decision of L2 projects to dump ETH adversely affects price performance. Furthermore, short pressure from USDe and a botched scaling roadmap contribute their share to falling Ethereum prices.
Cronje argues that ETH defenders are podcasters rather than engineers while the question of network representation remains unsettled. The recent appointment of Ethereum Foundation directors does little to convince Cronje to invest in the largest altcoin.
Cronje Will Rather Invest In Other Altcoins Over Ethereum
The Sonic Labs co-founder confirmed that the dour sentiment surrounding Ethereum is linked to increased competition from other blockchains. Rival blockchains like Solana (SOL) and Avalanche (AVAX) offer improved speed and finality while offering superior user interfaces.
For Cronje, these competing blockchains offer direct support to native projects rather than opting for neutrality. He argues that teams are just not building on Ethereum and are opting for other blockchains to host their projects.
“Hell, I don’t invest, but if I did, I would choose Solana, Tron, and XRP over ETH,” said Cronje.
Ethereum’s Grim Price Prediction
After the largest altcoin slipped below the $2,000 mark, on-chain analysts presented theories of ETH falling to $1,000. Ethereum currently trades at $2,215 with whales scooping up one million ETH on a discount.
Despite key catalysts like ETH ETF approvals and inclusion in the Crypto Strategic Reserve, the asset’s price performance is underwhelming. Analysts have their sights on resistance levels at the $2,857 mark and $2,084 for support as the assets navigate a choppy season.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst DOGECAPITAL has provided an ultra bullish outlook for the Dogecoin price, predicting it could reach as high as $90. The analyst also revealed when the foremost meme coin could reach this price target.
When The Dogecoin Price Could Reach $90
In an X post, DOGECAPITAL predicted that the Dogecoin price could reach $90. He noted that the price target was the highest point of a red area, which he believes the top meme coin could peak at in this market cycle. Interestingly, the analyst’s accompanying chart showed that DOGE could reach this price target by the end of 2025, which he noted.
Based on DOGECAPITAL’s analysis, this parabolic rally to $90 will happen in phase 3 of the meme coin’s bull run when it reaches this parallel red zone. This move will mirror previous cycles when Dogecoin reached its peak before starting a new cycle.
The analyst noted that the bottom of that red zone sits at $26, his minimum target for this cycle. He said that the bottom of this red zone could gradually increase over time due to the slope of the line. Meanwhile, DOGECAPITAL claimed that the timing of DOGE’s approach to this red zone will determine when market participants can expect this cycle’s ultimate peak.
In the meantime, DOGECAPITAL noted that the weekly candle continues to hold the same parallel line level, mirroring its behavior during the 2017 and 2021 bull runs. He predicts that phase 2 of DOGE’s bull run will begin once the bottom is fully confirmed. The accompanying chart showed that the Dogecoin price will surge above $2 during this phase 2 of its bull run.
DOGE Could Soon Hit $3
Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could hit $3. This came as the analyst revealed that DOGE’s monthly candle had formed a Doji, which was mirroring the same position in the previous cycle.
The analyst remarked that this Doji might kick off a bull run for the DOGE price, similar to the massive spike in 2017 and 2018. His accompanying chart showed that the top meme coin could reach $3 as it records this massive spike.
Meanwhile, crypto analyst Ali Martinez stated that if the Dogecoin price maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74.
However, according to a CoinGape market analysis, there is still the possibility of DOGE suffering downward pressure before any potential price rebound. The analysis noted that the Dogecoin price is on the verge of forming a death cross, which may trigger a 42% crash to a five-month low of $0.11.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Tron founder Justin Sun is rippling with optimism over the future of Tron (TRX) as he eyes a new price level. According to Sun, TRX’s price will reach a new all-time high (ATH) despite the current on-chain indicators and fundamentals around the asset.
Justin Sun Targets New All-Time High For TRX
Barely three months after TRX hit an all-time high, Justin Sun says the asset will surpass its previous milestone. The project’s founder took to X (formerly Twitter) to predict the future price of TRX amid a cloud of uncertainty.
For Justin Sun, TRX will set another all-time high in the coming months following a steep drop in asset prices. TRX set a new all-time high of $0.44 in December 2024 on the back of a broader altcoin rally but recent prices pale in comparison.
“TRX will hit ATH no matter what happens,” said Sun in an X post.
With prices at $0.24, TRX has fallen by 44.22% from its all-time high but analysts are still sharing a similar sentiment with Justin Sun. TRX’s seven-day chart indicates a steady upward climb of nearly 7%, sparking speculation that TRX will reach $1.
Tron Network’s Activity Heats Up To A Boil
Despite trading at nearly 50% from its all-time high, the Tron network is recording impressive network activity. Onchain analyst Ali Martinez confirmed that active addresses have reached 2.94 million, marking a two-month high.
Pseudonymous analyst Crypto Patel revealed that TRX is barrelling toward $1, expressing confidence that the asset will reach the target in this bull run.
A hefty investment by Justin Sun in the Trump family-backed World Liberty tokens has fuelled speculation for an upward climb for TRX. However, the exclusion of the TRX in the Crypto Strategic Reserve has left a bad taste in the mouth of investors.
Amid speculation involving TRX, the Chinese-born entrepreneur is grappling with his fair share of legal troubles. Justin Sun is staring down at the possibility of a lawsuit from blockchain protocol Chain for market manipulation. The US SEC is exploring a resolution to Justin Sun’s civil fraud case following the securities watchdog dismissal of Kraken’s case.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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