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Has Ethereum Price Prediction to $6,000 Become Unrealistic?

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For much of the past year, predictions were rife that Ethereum’s (ETH) price could reach five-digits. However, as Bitcoin (BTC) surged in 2024 while ETH lagged behind, market analysts have reassessed their forecasts. 

With ETH struggling to keep pace, expectations for a $6,000 price tag have now been tempered, and indicators show that it might be time to lower expectations this cycle.

Investors Favor Bitcoin Over Ethereum

In August, the Pi Cycle Top revealed that  Ethereum’s price could surpass $6,000 before the end of this bull market. Since then, several factors have shifted, making the initial prediction less attainable.

The Pi Cycle Top has historically been a reliable indicator of the highest price a cryptocurrency can reach within a specific period. It uses the 111-day Simple Moving Average (SMA) and the 350-day SMA to forecast this peak.

Currently, Ethereum’s price is at $2,603, but the 350-day SMA (purple line), which signals potential peak value, is now at $5,699. This suggests that ETH might struggle to surpass this price region in the near term, making further significant price increases more challenging.

Read more: How to Invest in Ethereum ETFs

Ethereum cycle top prediction falls
Ethereum Pi Cycle Top. Source: Glassnode

This decline in Ethereum’s potential price increase could be linked to dwindling investor interest in the asset, especially when compared to Bitcoin.

For instance, Bitcoin ETFs have seen $1 billion in inflows within just three days this week, signaling strong institutional interest. In contrast, Ethereum ETFs only garnered $5 million on October 17, highlighting that institutional investors are favoring Bitcoin over Ethereum. 

Moreover, this sentiment seems to have extended to retail investors in the US. According to CryptoQuant, the Coinbase Premium Index, which tracks buying and selling pressure, has recently dropped into the negative region. This shift indicates that more investors are selling ETH rather than buying, reflecting a bearish outlook for the altcoin.

Ethereum investor interest drops
Ethereum Coinbase Premium Index. Source: CryptoQuant

ETH Price Prediction: Retracement Still Looms

Ethereum currently trades in a similar pattern to the price action in May and November 2021. On the weekly chart, whenever this happens, ETH’s price falls by double-digits. For example, in May of the mentioned year, the altcoin dropped by 52%.

With a similar technical setup, it declined by 45% by November. Currently, ETH has been banking on the $2,455 support to prevent such an occurrence again. However, the low trading volume suggests that the cryptocurrency might fail to hold the support for long.

Read more: How to Buy Ethereum (ETH) With a Credit Card: Complete Guide

Ethereum price analysis
Ethereum Weekly Price Analysis. Source: TradingView

If that happens, then ETH’s price could decrease to $2,186.  On the flip side, if investors’ interest in Ethereum picks up, this prediction might not come true. Instead, ETH could jump to $3,814 in the mid to long-term.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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MELANIA Crashes to All-Time Low Amid Insiders Continued Sales

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A wave of heavy sell-offs linked to the team behind the Melania meme coin (MELANIA) has raised fresh concerns about insider activity within the project.

These activities have contributed to the token’s value dropping to an all-time low, a staggering 97% down from its all-time high on Trump’s inauguration day back in January.

Heavy Insider Selling Sends MELANIA to Historic Low

On April 19, on-chain analyst EmberCN reported that wallets tied to the project offloaded nearly 3 million MELANIA tokens.

In return, the team received approximately 9,009 SOL, valued at around $1.2 million. The tokens were sold through unilateral liquidity provisions added to the MELANIA/SOL trading pair on Meteora.

This transaction is part of a broader pattern. In the past three days, the MELANIA team reportedly moved 7.64 million tokens, worth about $3.21 million, from both liquidity and community wallets.

The team systematically added these tokens to the same liquidity pool and sold them for SOL within a pre-defined price range. Out of the total, they sold 2.95 million tokens just hours before EmberCN’s disclosure.

“In the past 3 days, the $MELANIA project team has continued to transfer out 7.643 million $MELANIA tokens ($3.21M) from liquidity and community addresses, then added them to MELANIA/SOL one-sided liquidity on Meteora, selling $MELANIA within a set range for SOL. Of which, 2.95 million $MELANIA tokens were sold 7 hours ago for 9,009 SOL,” EmberCN stated.

EmberCN further pointed out that the project’s team has sold over 23 million MELANIA tokens in the past month. The tokens were worth approximately $14.75 million.

Melania's Team SOL Token Holding.
Melania’s Team SOL Token Holding. Source: EmberCN

These repeated sell-offs have added weight to concerns over internal dumping—suspicions that first emerged in March.

At the time, blockchain analytics firm Bubblemaps reported unusual movements of over $30 million in MELANIA tokens. Originally part of the community allocation, the tokens appeared to be gradually transferred to exchanges without explanation.

The firm linked these transactions to Hayden Davis, a co-founder of the meme coin. Davis previously worked on another controversial token, LIBRA, which briefly surged after Argentine President Javier Milei endorsed it, then quickly collapsed.

Bubblemaps also revealed that wallets tied to the MELANIA team control roughly 92% of the token’s total supply. Critics argue that this level of centralization raises red flags over potential market manipulation.

As a result of these concerns, MELANIA has seen its price collapse. After reaching a high of over $13 earlier this year, the token has dropped by over 96% to an all-time low of $0.38, according to data from BeInCrypto.

MELANIA Token Price Performance.
MELANIA Token Price Performance. Source: BeInCrypto

However, the steep decline reflects both internal turmoil and broader weakness in the meme coin sector. Investor appetite for high-risk tokens appears to be fading amid global uncertainty and a more cautious market sentiment

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



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Charles Schwab Plans Spot Crypto Trading Rollout in 2026

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Charles Schwab, one of the largest brokerage firms in the United States, is preparing to launch a spot cryptocurrency trading platform within the next year.

This marks a major move by one of the most trusted names in traditional finance and shows that demand for crypto investment options continues to climb.

Charles Schwab Eyes Crypto Expansion

During a recent earnings call, Schwab CEO Rick Wurster said the firm is optimistic about upcoming regulatory changes that could allow it to fully enter crypto trading.

“Our expectation is that with the changing regulatory environment, we are hopeful and likely to be able to launch direct spot crypto and our goal is to do that in the next 12 months and we’re on a great path to be able to do that,” Wurster explained.

This move would allow the company to offer direct access to spot crypto trading and place it in direct competition with major players like Coinbase and Binance.

While the company already offers crypto-related products such as Bitcoin futures and crypto ETFs, the addition of direct trading would significantly expand its crypto portfolio. According to the CEO, engagement on these products has grown rapidly in recent months.

Wurster revealed that visits to the firm’s crypto-focused content have surged 400%. Of that traffic, 70% came from users who are not yet customers, showing a growing appetite for digital asset investments.

Wurster’s confidence in crypto aligns with the Trump administration’s efforts to introduce a clearer regulatory framework for digital assets. Compared to past years, progress on crypto legislation and oversight has accelerated, especially among key regulatory bodies like the SEC.

If these improvements continue, Schwab could debut its spot crypto trading platform before mid-2026. The firm believes its reputation in traditional finance gives it a strategic advantage in expanding into the crypto space.

Meanwhile, Schwab is already dipping its toes into the sector through its role as custodian for Truth.Fi, an upcoming digital investment platform launched by Trump Media and Technology Group. Truth.Fi plans to offer a mix of Bitcoin, separately managed accounts, and other crypto-linked products.

Indeed, Schwab’s potential entry into the sector has drawn attention from other industry leaders. Asset management firm Bitwise CEO Hunter Horsley described the brokerage firm’s move as a milestone in crypto’s transition to mainstream finance.

Rachael Horwitz, Chief Marketing Officer at Haun Ventures, echoed that sentiment and encouraged Schwab to consider crypto-collateralized lending as a future offering.

“Schwab should implement crypto-collateralized lending as part of its banking services next,” Horwitz said.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Today’s $1K XRP Bag May Become Tomorrow’s Jackpot, Crypto Founder Says

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A long-time supporter of XRP who is not afraid to speak his mind has issued stunning predictions concerning the future value of the cryptocurrency. His assertions have both interested and confused investors.

Investor Forecasts 50-Fold Return On XRP

As per the Alpha Lions Academy founder Edoardo Farina, an investment of $1,000 in XRP today can increase to more than $50,000 in the future. The estimate is based on the altcoin crossing Farina’s desired price target of $100 per token, from its current value of around $2.

“Buying $1,000 worth right now is really buying over $50,000 in the future when $XRP hits $100+”, Farina tweeted recently.

Farina previously revealed he will not sell any of his XRP holdings until the price reaches at least $100 per token. He terms the coin as sitting at the hub of what he refers to as a “multi-generational pump” and points out its potential function within the international finance system.

Minimum Holdings Suggestion Sparks Skepticism

According to reports, Farina urges retail investors to own a minimum of 1,000 XRP tokens. He asserts that such an amount is the minimum one needs in order to take advantage of the use and greater adoption of XRP in the future.

Such opinions regarding the issue have been unequivocal. Farina has reportedly said that individuals who have fewer than 1,000 XRP tokens “don’t care enough about their financial success” and called possessing less than that amount “insanity.”

Though these comments represent Farina’s individual investment strategy, they echo a developing perception among XRP enthusiasts that the asset is undervalued and poised for strong growth if regulatory clarity increases and more businesses embrace it.

Doubters Challenge The Life-Changing Assertions

Not everyone shares Farina’s positive perspective. Doubters have raised issues with his assertion that $1,000 in XRP today may be worth $50,000 someday.

One critic pointed out that even if XRP hits $100 and converts $1,000 into $50,000, this may not be sufficient for early retirement. The remark points out that what appears to be a good return may not necessarily be the life-altering wealth many investors expect.

Questions also arise regarding if XRP will ever hit the $100 level, and if so, how long it would take to arrive there.

Price Target Timeline Indicates Long Way To Go

The journey to $100 looks long for XRP, which is currently trading at about $2. It would need a nearly 5,000% rise from where it is now to reach $100.

Featured image from Pexels, chart from TradingView





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