Ethereum: Analyst Finds Pattern That May Take ETH To $10,000
Even though the SEC approved ETH-based ETFs this year, Ethereum (ETH) has had trouble gaining traction. The ETH ETFs did not receive the same level of excitement as the Bitcoin (BTC) ETFs, which helped push the price of BTC to a new all-time high earlier this year. ETH is down 1.2% in the daily charts, 7% in the weekly charts, and 8% in the 14-day charts. However, it has maintained some gains in the monthly and yearly charts, rallying 0.7% and 29.3%, respectively. Source: CoinGecko While ETH may have had a rough year in 2024, the asset might be on its way to a new all-time high. Also Read: BRICS: Shipping Firm Pays $8 Billion in Chinese Yuan, Ditch US Dollar Analyst Predicts Ethereum May Hit $10,000 According to prominent cryptocurrency analyst Ali Martinez, ETH’s movements mimic the S&P 500. The analyst anticipates the current dip to be the last one before the asset’s price triples and hits $10,000. Hitting $10,000 from current price levels will entail a rally of about...