Key notes
- The co-founder of Bitmex, Arthur Hayes, says that Ethereum will soon reach $ 5,000.
- Crypto Cryptoelite Analyst claims that the ETH will affect the price of $ 10,000.
- A Financial Times report said that the ETH had lost most of its value due to third -party protocols.
Ethereum (ETH), the second largest cryptocurrency by market capitalization, remains a burning subject in the world of cryptography, analysts, daring predictions and market conditions fluctuate quickly.
Meanwhile, ETH remains one of the most underperforming digital assets on the market, lowering almost 40% in the past year, confirms CoinmarketCap.
Bold prediction of Ethereum by Arthur Hayes
The co-founder of Crypto Exchange Bitmex, Arthur Hayes, recently visited social networks, saying that Ethereum will reach a new summit of $ 5,000 before Solana reaches $ 300.
Given the current volatility of the cryptography market, this declaration has triggered debates between investors and analysts.
The increase in Bitcoin to almost $ 89,000 in the last 24 hours has already prepared the ground for upward expectations on the market, and the prediction of Hayes has further intensified discussions on the next Ethereum decision.
Cryptoelite analyst: “Ethereum is directed around $ 10,000”
Adding to growing optimism, the cryptocurrency market analyst suggested that Ethereum could reach $ 10,000 drugs.
A technical analysis of the action of Ethereum prices reveals that cryptocurrency is currently seated in a major dip area, alluding to a potential escape.
The graph supplied by the cryptocurrency shows Ethereum forming a symmetrical triangle motif, with levels of resistance of the keys several times.
The recent drop in the lower trend line suggests a strong support, which means that a break above the resistance could trigger a parabolic movement towards new heights.
If Ethereum successfully bursts, it could quickly increase to $ 5,000 and possibly target the ambitious milestone of $ 10,000.
Crisis of Quarantine of Ethereum
Despite these optimistic projections, Ethereum has faced considerable obstacles in recent months. A Financial Times report depicts a different image, describing the current state of Ethereum as a “quarantine crisis”.
In the past three months, the ETH has dropped by 40%, underperforming other major cryptocurrencies such as Bitcoin, Solana and Cardano.
A major concern for Ethereum is the rise of competing blockchains, in particular Solana, which has gained ground in the meter parts and decentralized financing applications (DEFI).
Solana has generated $ 721 million in parts for negotiating parts in the last six months, or $ 824 million in Ethereum, equal.
Many traders and investors have withdrawn their attention from Ethereum, wondering if he can maintain his domination.
It is important to note that the research chief research on standard standard of standard standard, Geoff Kendrick, told Financial Times that Ethereum was “dealed” by granting value to third -party networks.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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