Top Trader's Ethereum Price Prediction Targets All-Time Highs In 2025
Portfolio Pulse from Murtuza Merchant
Prominent trader smileycapital predicts Ethereum (ETH) could reach $9,000 in the short term following the approval of a spot Ethereum ETF. He draws comparisons with Bitcoin's performance post-ETF approval but notes differences in market conditions. Long-term, he targets $12,000 to $16,000 for ETH.
May 24, 2024 | 5:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin's (BTC) past performance post-ETF approval is used as a benchmark for Ethereum's potential price movements, suggesting a similar bullish trajectory.
Bitcoin's historical price surge post-ETF approval is used as a reference point for Ethereum's potential gains, indicating a positive sentiment for BTC as well.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Ethereum (ETH) could see a short-term price increase to $9,000 following the approval of a spot Ethereum ETF, driven by speculative behaviors and institutional inflows.
The approval of a spot Ethereum ETF is a significant milestone that could drive speculative buying and institutional inflows, similar to Bitcoin's performance post-ETF approval. However, current market conditions and seasonal factors may temper short-term gains.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100