Why I am Super Bullish on ETHEREUM ? (ETH Price Prediction)

Why I am Super Bullish on ETHEREUM ? (ETH Price Prediction)
In this video i have discussed bout ETHEREUM crypto. I have discussed short term and long term eth price prediction and some reasons that can shoot price of eth to $10,000 in upcoming bull run.
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Why I am Super Bullish on ETHEREUM ? (ETH Price Prediction)
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So for bitcoin halving is only 80 days away As everyone is expecting, Mega Bull run is going to come Will in this BullRun ETH will touch $10,000 mark will it touch Let’s discuss in today’s video, if you like the video, then

Do like the video, and if you don’t want to miss out on such videos in the future, then do subscribe to the channel. So before predicting the price of Ethereum’s bull run, let’s see what can be the targets of Ethereum in the short term.

So first of all, if we talk here, Ethereum has given a very good pattern breakout here, and now it is retesting the breakout level. And if Ethereum is able to sustain this level, then according to me, the price of Ethereum can initially go up to 50% retracement or 61.8% retracement level.

And if you see in this chart, then 0.5 and 0.618 are the levels of Fibonacci, respectively, you will see that the price is $ 2,900 and $ 3,300, which will work as a magnet for Ethereum in the next 2 months. Apart from this, if we look at the overall, then the crypto

Market is in a very bullish trend, in which mainly Bitcoin was driving the trend. And now when the ETF trigger has already happened here, then there are a lot of chances that Ethereum will lead the market from here. Especially if we talk about the money flow model in the

Market, according to this, after the BTC pump, when BTC takes correction here, and overall there is no change in the market cap, then the next Ethereum will pump here. As money flows directly into the Ethereum, and after that money flows here, large cap altcoin and small cap altcoin,

And after that you can see the graph here. Now let’s talk about the price prediction of Ethereum, so here according to me there are 3 major reasons that can take Ethereum in the range of 10,000 to 12,000 or even above in this bull run.

The first main reason here is market dominance, if you look here according to the market dominance, then from the last 2 bull runs, we have seen an average dominance of 15 to 20% in Ethereum’s overall crypto market. If you calculate according to this, then in the next bull

Run, a market cap of 7 to 8 trillion is expected, which will be 15 to 20% here, around 1.5 trillion. So if we look at the current market cap of Ethereum, it is 270 billion, so this will be around 6x, if we do the same

Calculation with the price, then it will be around 12,000 dollars. Now the second major reason here is Ethereum ETF, so just like Bitcoin, Ethereum’s ETF has been applied by giants like BlackRock and Grayscale, and their approval deadline is May 2024. So in this way, as soon as the approval deadline comes

Here, just like Bitcoin, FOMO can also be seen in Ethereum, and if Ethereum’s ETF is approved here, then just like Bitcoin, Ethereum will get a $45 trillion exposure to the US stock market, and this And this will be super bullish Now let’s talk about the third reason, so the third reason

Here is history, now if you look at the history here, then Bitcoin has made a plan to cross the target of 1 lakh, and if we look here, then it seems that Ethereum is also on the same path. If you look at the long-term chart here, then you can see

That Ethereum is repeating the cycle of 2020, as you can see in the chart, the structure is seen in the retest phase here, and if Ethereum repeats the cycle of 2020, then in 2024 and 2025, Ethereum’s cycle top will be here at $10,000.

So this is my analysis on Ethereum, and I think that Ethereum can touch the $10,000 mark here in the upcoming mega bull run, what is your opinion, what do you think, how can Ethereum perform, do tell me in the comment section, if you liked the video,

And if you have not yet subscribed to the channel then subscribe right now meet you in the next video till then take care bye bye