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Analyst Predicts Ethereum Will Reach $8,000 ATH, But First
Crypto expert Bluntz expects Ethereum (ETH) to reach $8,000, but certain criteria must be met first. Bluntz, enthusiastic about Ethereumâs future, predicts ETH will rise to an all-time high of $8,000 this market cycle. He emphasized that Ethereum is currently near its recent lows, suggesting it may be nearing the end of its negative trend.
Bluntz stated that Ethereum must âsweep $2,800, take out the low and reclaim itâ to reach $8,000. This would complete a three-wave corrective pattern, potentially ending the current trend and starting a significant uptrend. He also mentioned that Ethereumâs price might dip below $6,000 before pulling back and rising to $8,000.
Bluntz believes Ethereumâs biggest gains are yet to come, despite reaching highs over $4,000 earlier this year. The anticipated introduction of Spot Ethereum ETFs is expected to boost Ethereum prices further.
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