Analyst’s Prediction
A crypto expert named Yoddha has made a bold prediction: Ethereum (ETH) will embark on a massive rally to $10,000 by the end of 2024.
Historical Trends
Yoddha’s prediction is based on historical data from 2016 to 2024. Ethereum has experienced periods of accumulation, volatility, and sharp rises in the past.
Current Accumulation Phase
According to Yoddha, Ethereum has been in an accumulation phase since 2022. This period has been marked by price fluctuations, including declines and short-term rallies.
Rally to $15,346
Yoddha believes that Ethereum has completed its accumulation phase and is poised for a significant rally. He predicts that ETH will reach a peak of $15,346 by the end of 2024.
Altcoins Season
Yoddha also suggests that Ethereum could trigger the upcoming altcoins season. As the hype around meme coins fades, altcoins are expected to gain traction.
Current Price and Outlook
Currently, Ethereum is trading at $3,024. To reach $10,000, it would need to increase by over $7,000. This rally could be fueled by increased investor demand, the potential introduction of an Ethereum Spot ETF, and a positive technical signal known as a “buy signal” on its daily price chart.
