{"id":569247,"date":"2024-01-12T13:00:07","date_gmt":"2024-01-12T13:00:07","guid":{"rendered":"https:\/\/wncen.com\/?p=569247"},"modified":"2024-01-12T11:45:17","modified_gmt":"2024-01-12T11:45:17","slug":"bullish-predictions-for-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/bullish-predictions-for-ethereum\/","title":{"rendered":"Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum"},"content":{"rendered":"

Crypto Expert Anthony Sassano has provided a bullish narrative for the <\/span>Ethereum ecosystem<\/span><\/a>. 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 <\/span>what price level ETH<\/span><\/a> could hit in particular.\u00a0<\/span><\/p>\n

ETH Could Rise To As High As $10,000 This Year<\/h2>\n

Sassano <\/span>stated<\/span><\/a> that ETH could hit $10,000 if the <\/span>Ethereum Spot ETF<\/span><\/a> hype were to get \u201cahead of itself.\u201d These ETFs are <\/span>believed to be next in line<\/span><\/a> 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\u2019s price.\u00a0<\/span><\/p>\n

Related Reading: Is Cardano The Next Solana? Institutional Investors Clamor For ADA Exposure<\/a><\/div>\n

Meanwhile, even if the $10,000 price level isn\u2019t attained, Sassano believes that ETH could still rise to <\/span>as high as $6,000<\/span><\/a> 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.\u00a0<\/span><\/p>\n

Ethereum, <\/span>being a proof-of-stake network<\/span><\/a>, 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 <\/span>Ethereum Spot ETFs<\/span><\/a>, Sassano opined. He further suggested these yields will also give Ethereum an edge over Bitcoin.\u00a0<\/span><\/p>\n

Interestingly, crypto analyst Altcoin Daily had <\/span>before now stated<\/span><\/a> that ETH hitting $10,000 was \u201cprogrammed.\u201d He alluded to the higher yields on the network as one of the reasons for his assertion. However, unlike Sassano, Altcoin Daily didn\u2019t suggest a timeline for when the crypto token will hit this price level.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH price crosses $2,600 resistance | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Is The Market\u2019s Attention Turning To Ethereum?<\/h2>\n
ETH rallied following the <\/span>SEC\u2019s approval<\/span><\/a> of the Spot Bitcoin ETFs on January 10, while Bitcoin didn\u2019t 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 <\/span>was likely already priced in<\/span><\/a> before the approval came in.\u00a0<\/span><\/p>\n
Related Reading: Crypto Analyst Reveals Why $0.087 Is A Key Profitable Level To Watch For Dogecoin<\/a><\/div>\n
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 <\/span>Ethereum ETFs in May<\/span><\/a>. This would be something similar to what happened with <\/span>Bitcoin, which resurged<\/span><\/a> on the back of rumors involving the Spot Bitcoin ETFs.\u00a0<\/span><\/p>\n
At the time of writing, ETH is trading at around $2,580, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from Cointribune, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto Expert Anthony Sassano has provided a bullish narrative for the Ethereum ecosystem. 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 what price level ETH could hit in particular.\u00a0 ETH Could Rise To As High As $10,000 This Year Sassano stated that ETH could hit $10,000 if the Ethereum Spot ETF hype were to get \u201cahead of itself.\u201d These ETFs are believed to be next in line 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\u2019s price.\u00a0 Related Reading: Is Cardano The Next Solana? Institutional Investors Clamor For ADA Exposure Meanwhile, even if the $10,000 price level isn\u2019t 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.\u00a0 Ethereum, being a proof-of-stake network, 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 Ethereum Spot ETFs, Sassano opined. He further suggested these yields will also give Ethereum an edge over Bitcoin.\u00a0 Interestingly, crypto analyst Altcoin Daily had before now stated that ETH hitting $10,000 was \u201cprogrammed.\u201d He alluded to the higher yields on the network as one of the reasons for his assertion. However, unlike Sassano, Altcoin Daily didn\u2019t suggest a timeline for when the crypto token will hit this price level.\u00a0 ETH price crosses $2,600 resistance | Source: ETHUSD on Tradingview.com Is The Market\u2019s Attention Turning To Ethereum? ETH rallied following the SEC\u2019s approval of the Spot Bitcoin ETFs on January 10, while Bitcoin didn\u2019t 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 was likely already priced in before the approval came in.\u00a0 Related Reading: Crypto Analyst Reveals Why $0.087 Is A Key Profitable Level To Watch For Dogecoin 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 Ethereum ETFs in May. This would be something similar to what happened with Bitcoin, which resurged on the back of rumors involving the Spot Bitcoin ETFs.\u00a0 At the time of writing, ETH is trading at around $2,580, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Cointribune, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":569258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,6664,26263,14690,8323,16163,86108,1946,7931,84307,6931,8686,78803],"class_list":["post-569247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-price","tag-eth-price-prediction","tag-ethereum","tag-ethereum-news","tag-ethereum-prediction","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Unveils Bullish End Of Year Predictions For Ethereum<\/title>\n<meta name=\"description\" content=\"Crypto Expert Anthony Sassano has provided a bullish narrative for the Ethereum ecosystem going into the end of 2024.\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum","url":"http:\/\/wncen.com\/news\/ethereum\/bullish-predictions-for-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/bullish-predictions-for-ethereum\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Ethereum-Small-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Ethereum-Small-2.jpeg?fit=320%2C213"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","eth","eth price","eth price prediction","ethereum","ethereum news","ethereum prediction","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-01-12T13:00:07Z","datePublished":"2024-01-12T13:00:07Z","dateModified":"2024-01-12T13:00:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/bullish-predictions-for-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/bullish-predictions-for-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Ethereum-Small-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Ethereum-Small-2.jpeg?fit=320%2C213\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"eth\",\"eth price\",\"eth price prediction\",\"ethereum\",\"ethereum news\",\"ethereum prediction\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-01-12T13:00:07Z\",\"datePublished\":\"2024-01-12T13:00:07Z\",\"dateModified\":\"2024-01-12T13:00:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Ethereum-Small-2.jpeg?fit=320%2C213","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569247"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=569247"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/569258"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=569247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=569247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=569247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}