As a seasoned researcher with over two decades of experience in the financial markets, I find BallaJi’s analysis intriguing and plausible, given Ethereum’s recent bullish outlook. The prediction of ETH reaching $18,000 might seem far-fetched to some, but considering the meteoric rise of cryptocurrencies in recent years, it’s not entirely implausible.
Cryptocurrency expert BallaJi has shared his predictions about the potential surge in Ethereum‘s price and hinted at the possibility of ETH reaching a staggering $18,000. At present, Ethereum is showing positive signs with its recent climb above $4,000 – a level not seen since March of this year, indicating a strong upward trend.
How The Ethereum Price Could Reach $18,000
In a recent TradingView post, BallaJi forecasted that the price of Ethereum could potentially rise to $18,000. This prediction is based on logarithmic projections and the measured move of this HVF (Higher-Low Filter), which suggests that Ethereum might reach this target. However, it’s important to note that the price increase may not occur in 2025 as originally speculated.
As a researcher, I am optimistic that if the bullish pattern unfolds as expected, the price of Ethereum could potentially surge towards the $18,000 mark in the coming years of this decade. This upward trend would translate to an estimated market capitalization of roughly $2 trillion, given Ethereum’s current circulating supply of approximately 120.44 million ETH.
As a researcher delving into the intricacies of the cryptocurrency market, I recently noticed BallaJi marking three significant logarithmic levels on our chart. The third and final one was set at $18,000, while the first two were situated at $3,818 and $6,236 respectively. In a recent update regarding the trade setup, the crypto analyst emphasized that the Ethereum price had surpassed, breached, and subsequently revisited the initial target at $3,818.
After initiating the trade, BallaJi offered his analysis on how the price of Ethereum might keep climbing using linear progressions. The chart he presented indicated that the next potential linear goal is set at $5,193. If this target is reached, it would establish a new record high (peak) for ETH, as its current all-time high stands at $4,800.
Currently, the projected linear goal for Ethereum price is approximately $7,299. According to BallaJi’s analysis, this level could be reached by next year. If Ethereum follows this trajectory, it may potentially reach $18,000; however, it’s important to note that the analyst has cautioned that this might not occur as early as 2025.
Countdown To New ATH Has Begun
In a recent post on X, cryptocurrency expert Justin Bennett predicts that the Ethereum price is poised to reach a new all-time high (ATH). Bennett believes that ETH could surge past $5,000 in a swift move this week, as it breaks through various resistance levels. His chart indicates that such a rapid rise could potentially push Ethereum prices up to $6,300.
According to renowned crypto expert Titan of Crypto, an increase in Ethereum’s price towards $5,000 could occur soon. This prediction is based on Ethereum’s market structure showing similarities to Bitcoin‘s a few weeks ago. He emphasized that the $5,000 mark may only represent the starting point, as he anticipates Ethereum will continue to rise even further.
Currently as I speak, the value of Ethereum stands roughly at $3,980, experiencing a nearly 3% increase over the past 24 hours, based on data provided by CoinMarketCap.
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2024-12-08 03:40