Crypto analyst Guy Turner predicts a massive surge for Ethereum (ETH) in the coming years, potentially reaching five-digit prices by 2025. He bases his prediction on several factors.
ETH’s Breakout Potential
Turner, a popular YouTuber with over 2.5 million subscribers, believes ETH will surpass its previous all-time high of around $4,878. Once this happens, he anticipates a rapid price increase, referring to it as “teleporting moonward” due to the lack of historical resistance levels above the all-time high. This period is known in trading as “price discovery.”
Price Targets: A Base Case and a Bullish Scenario
Using Fibonacci extension levels – a common technical analysis tool – Turner suggests a “base case” target of $7,300 for ETH. However, he also presents a more bullish scenario. If Bitcoin (BTC) reaches $200,000 next year (nearly double its current price), he believes the influx of capital could propel ETH to a staggering $14,600. This, he notes, is a very optimistic projection, considering ETH’s past underperformance compared to BTC.
Current Market Conditions
At the time of writing, ETH is trading at $3,686, while BTC is at $101,143. Both have seen a slight dip in the last 24 hours.
Disclaimer: This information is for educational purposes only and is not financial advice. Always conduct thorough research before making any investment decisions.
