#ETHEREUM at $10,000 is the 'most asymmetric' bet on the #Cryptocurrencies market, an analyst claims According to the well-known crypto-analyst Tyler, the odds that #Ethereum(ETH) will reach $10,000 are surprisingly high. In a post on X on June 16 he wrote:

“To date, the most asymmetric bet in the crypto market is Ethereum at $10,000. As irritating as it is, this is the current state of the market. Our goal is to trade with logic, not emotion.”

Will #Etf be able to push #eth up?

Despite bullish forecasts, Ether is struggling to surpass the psychological threshold of $4,000. Furthermore, the price is currently down around 30% from its all-time high of $4,891, reached in November 2021. A hypothetical rise towards $10,000 would therefore imply a surge of almost 3x from current levels.

The upcoming launch of Ether spot ETFs in the US could help in this regard. Eric Balchunas, ETF Analyst at Bloomberg, expects trading of these ETFs to begin on July 2. But officially, the United States Securities and Exchange Commission has provided a rather vague time horizon: by the end of September. The price of Ether could undergo a breakout also thanks to a potential supply squeeze, given that the number of $ETH on exchanges reached its lowest levels in eight years. What do you think?? 😁🤔