Grab Ethereum Now? Expert Says Next Stop Could Be $10,000 After ‘Final Drop’

Quick Summary:

Interesting to note that there was not a buy signal in $ETH In fact, chart remains bearish with unmet target at 1551 pic.twitter.com/sjkXyTQXU2 — Peter Brandt (@PeterLBrandt) October 31, 2024 October 31 saw seasoned analyst Brandt, known for his accurate forecasts, draw attention to Ethereum’s bearish trend on X (formerly Twitter).

Examining ETH in tandem with SPX Martinez noted that both assets had a bottom in late 2022 and kept an increasing trend until 2023.#Ethereum $ETH has been mimicking the S&P500, and this could be the last dip before it triples and hits $10,000! pic.twitter.com/BgpbZQXM6I — Ali (@ali_charts) November 4, 2024 Based on the S&P 500 performance recently, he believes this alignment indicates ETH is preparing for a similar breakout.

Related Reading: Bitcoin Mining Costs Spike To Nearly $50K As Miners Look To AI For Survival A Differing Perspective Although both are highly contradictory in terms of their opinions, the analysis by Martinez and Brandt of what is likely to happen in the subsequent phases of Ethereum has revealed such unpredictability.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Altcoins Ethereum Bitcoin Crypto Ether Cryptocurrency Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 15:00:29 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 86 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23448860

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