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Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run.
Ethereum Price To Rally To $8,000
In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also stated that his targets for ETH in this cycle are between $8,000 and $10,000.
In a recent analysis, Mikybull Crypto revealed that the current Ethereum price was showing a similar price action to the 2017 market cycle. Based on this similarity, he remarked that ETH might pull a higher price target to at least $8,000. Despite the altcoin’s underperformance in this cycle, the analyst has been one of those who have been confident that it will still record a parabolic rally in this bull run.
In the short term, Mikybull Crypto predicts that the Ethereum price can rally above $3,000. In an X post, he stated that ETH is still coiling up within the ascending triangle. He added that the target is $3,200 on this potential breakout. He again reaffirmed this prediction in another X analysis.
The analyst claimed that the same formation is playing out in a different scenario and remarked that market participants should prepare for a “melt-up.” His accompanying chart showed that the Ethereum price could even rally above $3,600 on this run-up. This would put ETH close to the psychological $4,000 price, which could pave the way for the run to a new all-time high (ATH).
ETH Eyes $3,800 As Bull Flag Forms
In an X post, crypto analyst Titan of Crypto predicted that the Ethereum price could rally to $3,800 as a bull flag forms. He stated that ETH just broke out and that this bullish pattern is playing out. If confirmed, the analyst remarked that the next target sits around $3,800. This is just an intermediate target as Titan of Crypto expects Ethereum to rally higher in the long run.
Like Crypto GEM and Mikybull Crypto, the analyst also believes that the Ethereum price can reach $8,000 at some point. In an X post, Titan of Crypto highlighted Ethereum’s market structure and potential targets. The first target for ETH is just above $5,000, the second is just above $7,000, and the third target is $8,500.
At the time of writing, the Ethereum price is trading at around $2,500, down in the last 24 hours, according to data from CoinMarketCap.
Featured image from Getty Images, chart from Tradingview.com
Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.
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