ETH may reach $27,000 at the peak of the current bull market. Prediction by Ethereum community member and investor Ryan Berckmans.
“My personal prediction is $12,000 to $27,000 per Ethereum within the next 18 to 30 months,” he said in a recent interview with Ethereum. Cointelegraph
As one of the main catalysts for ETH’s price appreciation, Berckmans points to a lack of selling pressure from miners. which disappeared after Ethereum changed from the mechanism Proof-of-Work to Proof-of-Stake mechanism In September 2022 with the Merge upgrade.
The current bull market is the first for Ethereum since the transition to the system. Proof-of-Stake
Berckmans points out that Miners often have to sell large amounts of coins on a regular basis to cover operating expenses. which makes the price of the coin Proof-of-Work decreased
“We should expect proof-of-work sales pressure from the mechanics. Proof-of-Work Overall, it is down more than 80% compared to the last round,” Berckmans points out.
refer : cointelegraph.com
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