Renowned crypto analysts at CrediBULL Crypto have made shockwaves throughout the crypto community with bold predictions that Ethereum’s (ETH/USD) pricing could skyrocket to $10,000 in 2024. On Friday, CredIBLE Crypto stated that, at a minimum, ETH holders could witness a gain of 343% come next year.
At the time of this writing, ETH was being exchanged at $2,244.18, marking only an approximate 2% drop given the seven-day calculation. According to their long-term view, the analysts suggest a possible maximum price target of $20,000, inferring an unprecedented upside jump of around 786%.
CrediBULL Crypto wrote a Twitter post stating,
“Some LTF [long-term thoughts] on $ETH. Think that last [liquidation] wick marked our bottom but at least in the short term think we may see a small move down and a bit more ranging before we are ready for the next leg up.”
Data from blockchain analytics platform Santiment also reveals consistent Ethereum accumulation stoked by whale investors. The company’s accounts indicate that the top 150 non-exchange wallets (self custody) alone account for a whopping 56.25 million ETH, rounding out our record high holds. Comparingly, exchange wallets announced the lowest trading levels since June 2018, with 9.46 million ETH.
Again, Santiment’s hard numbers expressed by CrediBULL Crypto signify Ethereum aggregation to a grand sum (exchange and non-exchange wallets) of 65.71 million ETH, the highest ever within multi-year records.
Now that includes CrediBULL Crypto’s speculative outlook, Ethereum has the potential to escalate into unknown boundaries; sending the capture into a frenzy!
