“Ethereum May Hit $12,000 Before Bull Ends,” Analysts Expect

Predicting prices for Ethereum is quite difficult. Because there is no definite way of which direction the market will turn. But analysts estimate where its price will be in the coming months. and with less than two and a half months later this year There is therefore a limited amount of time to reach the price targets set by analysts.

One of the analysts who saw the future of Ethereum as a bullish market is Justin Bennett. “…ETH can break through the $4,000 level.this weekThat makes the idea that its price will fall may not be true…”

Analysts say the price of Ethereum may be able to hit $12,000 this cycle.

Ethereum and other crypto markets always follow the price of bitcoin, and Bennett sees no deviation from this trend. “..Indicators show that the price of bitcoin could reach $200,000 before the current cycle ends, and if bitcoin can hit this price point, the price of ETH will need to rise more than 300% in response to the price increase. This is definitely…”

For the $12,000 price range requires reference data from the ETH/BTC pair, a $200,000 increase in BTC will bring Ethereum to $12,000 with the current ETH/BTC pair.

while other analysts Most have used that price range. ‘In a safe zone’ i.e. over $100,000 for BTC and $5,000 for ETH as of the end of 2021. Bennett’s analysis is not more accurate than other analysts’ predictions, as there is no way to accurately predict market movements.

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