One analyst has predicted that Ethereum will hit $10,000 before the end of the year, citing Ethereum’s cyclical accumulation trend that has resulted in massive spikes in the past.
Another analyst cautioned that ETH could first dip 10% before embarking on its bull rally, which could result in the crypto surging past its all-time high.
While the bull rally in crypto has waned in recent weeks, three analysts believe that Ethereum’s best days are still ahead. One of the analysts believes that the second-largest crypto will triple its value to hit $10,000 before the end of the year.
ETH trades at $3,110 and has traded sideways in the past day as the volume dipped 35% to $8.25 billion. The crypto has gained 6.80% in the past week, recovering from a midweek dip that saw it hit a low of $2,865.
Since the year turned, Ethereum has gained 36%, peaking at $4,066 in mid-March, its highest price since the 2021 bull rally when it set a new record at $4,860. While the gains for ETH have been
