Following the Federal Reserve's rate cut, Ethereum (ETH) is gaining momentum, driven by a broader bullish rally across the cryptocurrency market. Over the past week, ETH has surged by 6.97%.
Ethereum Gains Momentum
On September 22, Mike Alfred, founder of Eaglebrook Advisors, shared his thoughts on Ethereum’s future on X (formerly Twitter). According to Alfred, Ethereum is poised to experience a major price increase, potentially rising from $2,500 to $10,000 during this market cycle. Alfred attributes this expected rise to liquidity cycles, noting that when market liquidity flows, major assets like Ethereum will inevitably see significant price growth.
Experts' Predictions
Renowned crypto analyst @CryptoPatel also shared his Ethereum price targets on X. His analysis outlined the following targets: - Next Target: $5,500–$6,000 - Best Accumulation Zone: $2,500–$2,100 - Long-Term Target: $8,000–$10,000 @CryptoPatel pointed out that Ethereum has already bounced strongly from the $2,100 support level and is currently heading toward resistance around $5,500 to $6,000.
Future Outlook
As both analysts suggest, Ethereum’s upward trajectory could be just beginning, with its price set to reach new heights in this cycle.
Ethereum is showing strong growth amid the Federal Reserve's rate cut and positive expert predictions. However, investors should closely monitor developments and make their own informed decisions before investing.
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