Crypto Analyst Makes Interesting Ethereum Price Prediction
19.12.2024 13:00 1 min. read Alexander Zdravkov
A well-known crypto analyst, Pentoshi, has sparked interest with a bold prediction regarding Ethereum (ETH).
He believes Ethereum could see a notable rally, potentially surpassing its previous all-time high.
According to Pentoshi, Ethereum is likely to outperform Bitcoin (ETH/BTC) in the short term, with the altcoin gaining approximately 20% from recent lows while Bitcoin has remained relatively stable.
While some traders may panic over even minor declines, Pentoshi suggests that trends develop gradually, and there’s no reason to alter his positive outlook on Ethereum for now.
The analyst foresees Ethereum pushing past the $4,000 level, turning it into support. If this happens, he believes the next major target could be the $4,800 mark, which represents ETH’s previous all-time high.
He also points out that Ethereum has spent little time trading above these levels, which could lead to minimal resistance as it moves toward this target.
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