Ethereum is looking bullish, recently breaking the $4,000 barrier for the first time since March. But could it really hit $18,000? Let’s explore some analyst predictions.
BallaJi’s Logarithmic Projections
Analyst BallaJi has some bold predictions for Ethereum. Using logarithmic projections, he sees a potential path to $18,000. He’s mapped out three key targets:
- $3,818: Already hit and retested!
- $6,236:
The second target on the way. - $18,000: The ultimate goal, but not necessarily by 2025.
He acknowledges this is a long-term prediction, and while he’s confident in the pattern, reaching $18,000 might take longer than this year. At that price, Ethereum’s market cap would soar to around $2 trillion.
Linear Targets and the Path to $18,000
BallaJi also used linear measured moves to predict shorter-term targets. These targets are:
- $5,193: This would be a new all-time high (ATH) for ETH, surpassing the current ATH of $4,800.
- $7,299: Reaching this target could then open the door to the $18,000 prediction.
He believes these linear targets could be hit within the next year, paving the way for the eventual $18,000 mark.
Other Analysts Weigh In: The Countdown to a New ATH
Other analysts are also optimistic. Justin Bennett believes the countdown to a new ATH has begun, predicting a quick surge past $5,000 and potentially even reaching $6,300 this week.
Titan of Crypto agrees, noting that Ethereum’s current market structure resembles Bitcoin’s from a few weeks ago. He sees $5,000 as a minimum target, with further upside potential.
Current Market Status
At the time of writing, Ethereum is trading around $3,980, showing a healthy 3% increase over the last 24 hours. The predictions are exciting, but remember that crypto markets are notoriously volatile, so nothing is guaranteed.
