Crypto Expert Anthony Sassano has provided a bullish narrative for the . Based on this, he believes that Ethereum could hit a new all-time high (ATH) this year. The analyst also went as far as predicting could hit in particular.
ETH Could Rise To As High As $10,000 This Year
Sassano that ETH could hit $10,000 if the hype were to get “ahead of itself.” These ETFs are for an approval order by the Securities and Exchange Commission (SEC). That could explain why the crypto expert has handpicked them as the catalyst for this massive increase in ETH’s price.
Meanwhile, even if the $10,000 price level isn’t attained, Sassano believes that ETH could still rise to as high as $6,000 before the year runs out. Before making these price predictions, he had explained why he was so bullish on the Ethereum ecosystem. According to him, Ethereum is going to gain a lot of interest from institutions because of the yield it affords them.
Ethereum, , provides an opportunity for investors to stake their ETH tokens and earn some rewards in return. This institutional interest in Ethereum is going to be further driven by the launch of , Sassano opined. He further suggested these yields will also give Ethereum an edge over Bitcoin.
Interestingly, crypto analyst Altcoin Daily had that ETH hitting $10,000 was “programmed.” He alluded to the higher yields on the network as one of the reasons for his assertion. However, unlike Sassano, Altcoin Daily didn’t suggest a timeline for when the crypto token will hit this price level.
ETH price crosses $2,600 resistance | Source:
Is The Market’s Attention Turning To Ethereum?
ETH rallied following the of the Spot Bitcoin ETFs on January 10, while Bitcoin didn’t see much action. That could suggest that the market was already turning its attention to the Ethereum Spot ETFs. It also shows that the Bitcoin market before the approval came in.
If that is the case, the second-largest crypto token by market cap could begin to post some major gains ahead of a potential approval of the . This would be something similar to what happened with Bitcoin, which resurged on the back of rumors involving the Spot Bitcoin ETFs.
At the time of writing, ETH is trading at around $2,580, down in the last 24 hours, according to from CoinMarketCap.