Ethereum has now become one of the most promising cryptocurrency tokens to keep an eye on. The market is now showering all its attention towards the asset, giving ETH a due chance to surge high on the radar. Moreover, the institutional demand for Ethereum is also on the rise, giving experts and analysts a chance to project a brighter future for the asset. What are some credible price targets that the ETH price is looking forward to exploring? Let’s find out.
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From Normal to Moonshot: ETH Price Outlook
Ethereum is gaining rapid mainstream momentum as the stablecoin narrative continues to gain steam. Ethereum has positioned itself as one of the leading chains to accommodate the growing stablecoin narrative, the development that the US government also wants to explore in depth. Moreover, ETH is also known for attractive yield and staking properties, inviting institutions to make the most out of the asset. These developments have together compelled the ETH price to explore compelling price targets in the future, with experts adding, “How high can Ethereum truly soar in due time?”
Per Donald Dean, a notable crypto expert, ETH is currently in line to explore $5766 as its immediate price target.
“$ETH $ETHUSD Ethereum – Volume Shelf Support Price Target: $5766. Price is right at the volume shelf launch area and looks like it’s on its way to challenge $4955. Target remains at $5766 at a 50% retracement level of ETH/BTC. $ETHA $ETHE $FETH $ETHU.”
According to Titans of Crypto, the Ethereum price chart seems to be forming a weekly bull flag, which could push its price to explore the $6900 mark soon.
“#Ethereum Bull Flag 🎯 Weekly bull flag pattern forming on $ETH. A breakout could send the price toward $6,900 🚀.”
Moonshot Narrative
In addition to this, Crypto Patel, another noteworthy crypto expert, has stated a rather ambitious price point for ETH to explore. Per the expert, Ethereum is eyeing a new high of $10,000 to $15,000 in the future.
“#Ethereum is now 250% up from my entry at $1400 and still 250% away from my target 🚀 Price surged to ~$5000, but my two key targets remain: 1️⃣ $10,000. 2️⃣ $15,000. This is just the beginning for $ETH 🔥 Ethereum.”
Moreover, Patel’s ETH price targets mirror Fundstrat’s Tom Lee’s earlier prediction about ETH.
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