A well-known crypto analyst, Pentoshi, is predicting a big jump for Ethereum (ETH). He thinks it will quickly reach a new all-time high.
ETH’s Upcoming Surge
Pentoshi, who boasts a huge following on X (formerly Twitter), believes ETH could climb over 23% from its current price. He sees Ethereum outperforming Bitcoin (BTC) in the near future. He notes that ETH/BTC has already seen a 20% increase from its lows, and while some might be nervous about dips, he’s sticking to his bullish prediction. He believes the upward trend is just beginning.
Pentoshi’s key indicator? Once ETH establishes $4,000 as solid support, he expects a rapid rise to its previous all-time high of around $4,800. He thinks there’s little resistance above that level, making the jump relatively quick.
Bitcoin’s Price Prediction
Pentoshi isn’t just bullish on Ethereum. He also predicts Bitcoin (BTC) will hit $120,000. He summarizes his predictions simply: “Higher soon. ETH to $4,800. BTC towards $120,000.”
Current Market Conditions
At the time of writing, ETH is trading around $3,876, while BTC is at approximately $106,182.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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