There are various bullish predictions about the price of digital assets these days, and Ethereum is no exception.
At the moment of writing this article, ETH is trading in the green, and the coin is priced at $2,001.
Just the other day, there’s been an important conference that included Elon Musk, Twitter’s Jack Dorsey and Cathie Wood, who talked Bitcoin at the B Word Conference.
Musk said that he owns BTC, ETH and DOGE. This will definitely boost the coins.
Bullish ETH prediction
Here’s the latest bullish ETH prediction below.
The important analyst and trader Kaleo unjust predicted a massive rise in Ethereum’s value within the next 12 months.
He is looking at the performance of the coin and he brings up 2017 when Ethereum (ETH) plunged from nearly $400 to below $200 in one month before skyrocketing to its 2018 high of $1,440.
“Back in 2017, right around a year after the halving, there was a 70% decline, and everything looked dead. [ETH] was able to come back and go well above its all-time high. We’re right around that same length of the period of time after. Here (June 2021), a similar type of decline and at the support. There are a lot of things lining up there as far as the high timeframe bullishness is concerned.”
— K A L E O (@CryptoKaleo) July 19, 2021
Based on Ethereum’s 2017 price action, Kaleo just said that ETH will stage a parabolic rally from its high timeframe support en route to a new all-time of $18,000 by July 2022 as the online publication the Daily Hodl notes.
The potential move represents an increase of over 862%.
ETH could reach a larger market cap than BTC
Not too long ago, we revealed that Crypto trader and host of Coin Bureau addressed some of the reasons for which he thinks Ethereum (ETH) has a chance to reach a larger market cap than Bitcoin (BTC).
He also said that a potential trigger could be an ETH upgrade.