Despite the general volatility in the cryptocurrency markets, Ethereum (ETH)$ETH
has lost over 1% in the last week. However, renowned crypto analyst Ali Martinez predicted that Ethereum could follow the recovery in the S&P 500 index and overtake Bitcoin and push its price to $10,000. This prediction encouraged investors to refocus on ETH's future potential. Martinez notes that Ethereum has outperformed Bitcoin in every market cycle. According to the analyst, Bitcoin$BTC
The leaving behind stage has not yet been reached, but it may happen in the near future.
Ethereum, which fell to $ 3,400 in November, experienced a 10% drop, but showed strong resistance due to the impact of the critical support level of $ 3,000. It is observed that millions of ETH are purchased by investors at this level, and this increases the expectations of the rise. Crypto analyst IamCryptoWolf states that if Ethereum exceeds $ 4,000, it can gain significant momentum towards $ 10,000. ETH, which has been constantly creating rising lows for the last two and a half years, is built on a solid foundation. It is estimated that the price will move rapidly upwards once the $ 4,000 level is passed.
The recent increase in purchases by Ethereum whales is also strengthening these expectations. As of November, whales have purchased approximately 430,000 ETH, creating a transaction volume of $1.4 billion. This accumulation process stands out as an important indicator supporting positive expectations in the market.
Ethereum, currently trading at $3,110, has seen a 1% drop in the last 24 hours, but the small increase in futures positions still keeps the market bullish. Analysts emphasize that investors should take strategic steps by taking advantage of market fluctuations.