Ethereum Could Hit $10K By Year-End, Says Analyst Signaling 'Significant Bullish Move'
Portfolio Pulse from Aniket Verma
Cryptofy Hub forecasts Ethereum (ETH) could reach $10,000 by year-end, citing a rising wedge pattern and strong whale accumulation. Despite typical bearish interpretations of the pattern, the platform remains optimistic. The SEC's approval of the first-ever spot Ether ETFs in the U.S. has also boosted sentiment.
May 31, 2024 | 9:10 am
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Cryptofy Hub forecasts Ethereum (ETH) could reach $10,000 by year-end, citing a rising wedge pattern and strong whale accumulation. The SEC's approval of the first-ever spot Ether ETFs in the U.S. has also boosted sentiment.
The forecast of Ethereum reaching $10,000 by year-end is based on technical analysis and strong whale accumulation. The SEC's approval of spot Ether ETFs has also positively impacted sentiment. These factors suggest a bullish outlook for ETH in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100