Galaxy Digital CEO Mike Novogratz has shared his insights on the current trends in the Ethereum market, stating his expectations for growth.
Mike Novogratz's View on Current Situation
In a recent interview, Novogratz dismissed the idea that Ethereum's current 'quadruple top' formation is a classic bearish setup, suggesting it could lead to a short pullback before a new rally.
Growth Expectations for Ethereum and Its Impact
Novogratz noted that the price is currently in the $3,000–$4,000 zone. 'My instinct says we’ll be above $4,000 by year-end, not below $3,000,' he stated. He is also confident that Ethereum could outperform Bitcoin over the next three to six months.
Overall Cryptocurrency Market Prospects
The Galaxy chief remains bullish on the broader cryptocurrency market, setting a target for Bitcoin at $150,000, linking it to macroeconomic factors such as rising inflation and speculation over rate cuts under President Trump.
As expectations rise and interest in Ethereum continues, expert opinions become crucial for understanding future trends in the cryptocurrency market.
