Analyst predicts Ethereum will reach $8,000 ATH, but first

A crypto expert expects Ethereum (ETH), the second-largest cryptocurrency, will reach $8,000 in price. The expert stressed that Ethereum needs meet certain criteria to obtain this lofty price prediction.

Ethereum To $8,000 ATH Roadmap

Crypto expert ‘Bluntz’ on X (previously Twitter) is enthusiastic about Ethereum's future. This market cycle, the expert predicted ETH will rise to $8,000 all-time high.

Bluntz posted a video on his official X account on June 8 emphasizing major circumstances Ethereum must overcome to reach $8,000. The crypto researcher said that ETH/USD is around recent lows, suggesting Ethereum may be nearing its lowest point in this negative trend.


The expert said Ethereum was unlikely to rise soon from its low position. He stressed that the Bitcoin must fall further before rising to $8,000, his aim.

Bluntz says Ethereum must “sweep $2,800, take out the low and reclaim it” to reach $8,000 all-time high. After this, the expert stated that a three-wave corrective pattern, called a “ABC,” would be completed, possibly ending Ethereum's current trend and starting a significant uptrend.

Bluntz also said in his video that Ethereum's ABC wave correction would take the price below $6,000 before pulling back and rising to a cyclic peak of $8,000. Ethereum may trade sideways for a time, touching new lows before recovering.

Analyst Says Ethereum's Biggest Gains Are Yet To Come
Bluntz boldly said in his essay that Ethereum has yet to have its “big run” this market cycle. Although the cryptocurrency reached fresh highs over $4,000 earlier this year, Bluntz and other crypto experts expect further optimistic upsides.

Market excitement about Ethereum's price prognosis stems from the anticipated introduction of Spot Ethereum ETFs. Bluntz said in his video that Ethereum Spot ETFs would certainly boost Ethereum prices.

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