Analyst Says Ethereum Primed to hit $10,000—Here’s Why it Could Happen ‘Real Soon’
Main Idea
Analyst Ted Pillows predicts Ethereum (ETH) could reach $10,000, citing M2 supply growth as a key factor supporting its potential as an inflation hedge.
Key Points
1. Ethereum (ETH) is currently valued at $3,500, but analyst Ted Pillows believes it could rise to $10,000.
2. Pillows attributes this potential growth to the M2 supply growth rate, indicating more money in circulation and ETH's role as an inflation hedge.
3. ETH has shown strong performance, up 109% over the last 90 days and 46% over the last 30 days, making it the highest gainer among top cryptocurrencies.
4. Market players view $4,000 as a near-term target for ETH, which is also outperforming competitors like Solana (SOL).
5. The article includes a disclaimer noting that the information should not be considered investment advice due to cryptocurrency volatility.
Description
Ethereum (ETH) is still severely undervalued and could soar to never-before-seen levels in the long term. The second most valued crypto asset by market cap is currently underperforming, thus allowing for newbies to make their way into the market and take in ETH tokens at a lower cost. This bullish sentiment was shared on X
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