Ethereum Price Prediction: This Trader Thinks ETH Could Soon Hit $12,000 – Here’s Why

Ethereum (ETH) has gone down by 3% in the past 7 days as tensions in the Middle East have pulled down crypto prices.

Despite the cease-fire between Iran and Israel brokered by President Donald Trump, only Bitcoin (BTC) seems to be receiving support from market participants as uncertainty prevails.

However, despite this challenging environment, a handful of top-tier traders believe that ETH could soon hit $4,000 once again and one even shared an Ethereum price prediction that sees the token rising to $12,000 in the mid-term.

One of the most prominent individuals in this group is Merlijn the Trader, a crypto trader whose X account is followed by nearly 400,000 users.

He compared Bitcoin’s journey back in 2020 when the token’s price stood at around $8,000 to ETH’s latest consolidation at around $2,000.

Merlijn estimates that the top altcoin could be propelled to $12,000 within the next 2 years as the price action looks quite similar to Bitcoin’s back then.

Meanwhile, The Crypto Professor, another popular crypto trading account on X, shared a chart in which he forecasts a move toward $4,000 after a bullish breakout above $2,150 that could push the token back to its December highs.

Ethereum Price Prediction: ETH Seems Headed to Retest Its Local Highs of $2,900

Looking at the 4-hour chart, Ethereum has reclaimed a key area above the $2,400 mark and has now moved back to its consolidation rectangle after last weekend’s strong correction.

This move was accompanied by a ‘golden cross’ between the 9-period and 21-period exponential moving average (EMA) that favors a bullish short-term Ethereum price prediction.

The price has rejected a move toward the 200-period EMA for now but momentum indicators are still favoring a bullish outlook as the Relative Strength Index (RSI) has climbed above its 14-period moving average.

Moving forward, if negative momentum has fully faded, the price could retest the highs seen in early June when it climbed near $2,900. The key resistance levels to watch at this point would be $2,560 and $2,680. A move above these areas would increase the odds of a bullish push to that local high.

As cryptos recover from their latest correction, storing them safely is a key priority. This year’s top crypto presale, Best Wallet (BEST), offers a robust Web 3 wallet featuring low swap fees and support for assets within more than 60 blockchains.

Best Wallet (BEST) Wraps Up Its Successful Crypto Presale with Nearly $14M Raised

Best Wallet (BEST) has positioned itself in a short period as one of the most promising wallets in the space amid its multichain support and low swap fees for $BEST holders.

Its ecosystem growth plans include the launch of a decentralized exchange (DEX) and a debit card that can be used for day-to-day payments.

Best Wallet (BEST) comes to compete with the sector’s dominant players by introducing top-notch features and tools for investors like ‘Upcoming Tokens’.

This is a crypto screener that helps investors identify the most promising presales like Solaxy (SOLX) and Pepe Unchained (PEPU), which have already delivered interesting returns to early investors.

To buy $BEST and benefit from the token’s surge once the presale ends, head to the Best Wallet website and connect your wallet. You can download the Best Wallet app in case you don’t have one.

You can either swap USDT or ETH for this token or use a bank card to make your investment.

Alejandro Ar