Master analyst: I wouldn't be surprised if Ethereum saw $ 1,000 in 12 months!
ETH is still 80% below the all-time high of $ 1,432 recorded two years ago. But ETH has been showing tremendous strength over the past few months. Cryptocurrency only gained 21.7 percent last week. To put it in perspective, Bitcoin (BTC) increased “only” 13.4 percent over the same time frame. As a result of this stable rally, more than 80% of ETH owners appear in profit.
Michael van de Poppe, a master crypto trader, made a statement to express his optimism about Ethereum's price in the coming months. Michael van de Poppe states that this would not be surprising to him if Ethereum leaps to $ 1,000 in a year or two. Given the performance of ETH in recent months, a $ 1,000 target does not seem unattainable.
Raoul Pal: Will surpass even Bitcoin with Ethereum performance
Michael van de Poppe's optimism about the future price of ETH was also repeated by other market observers, such as master economist Raoul Pal. Raoul Pal recently shared his analysis on Twitter and stated that ETH is ready to perform better than Bitcoin.
Raoul Pal added an important warning to his prediction: “Please remember, there are no tribal attacks on Bitcoin vs Ethereum. These are two different things and two different ecosystems. ” said. Michael van de and Raoul Pal are just a few of the popular market experts who believe ETH is ready to break new heights in the near future. According to experts, there are many main reasons to rise in cryptocurrency.
Why are analysts and experts on the rise in Ethereum?
Ethereum inventor Vitalik Buterin recently stated that the first phase of the network's layer-2 strategy was “fundamentally successful”. This means that scalability issues that have become synonymous with Ethereum Blockchain will soon be a thing of the past.