Post
Topic
Board Altcoin Discussion
Re: ATH for ETH
by
cloudfir3e
on 31/07/2022, 16:35:14 UTC
How do you think that ETH next ATH will be $10k? ETH is a good altcoin it is true and i also believe Ethereum will do something better in the future. But that doesn't seem to happen very soon. You are holding eth so you are very bullish on eth.  But the reality is that it will take at least 5 years for ETH to reach $10k. maybe next ATH for Ethereum is $5k
Of course, the target of $10k is very realistic to reach ATH in the future because now the ETH network has resolved the complaint of high gas fees and we just have to wait for the time for the market to go up, from my analysis ETH includes the highest recovery reaching $2k, so it's an early indication about the next ATH.
it is possible that the target of $10k to achieve ATH on Ethereum can be achieved but it is also possible that it will fail to reach the targeted ATH of $10k.
because the upcoming crypto cycle and the price of bitcoin also greatly affect price movements in other crypto assets, Ethereum is no exception.
if the bitcoin price decreases in the future, the market will experience a price decline and it will definitely make investors and traders hesitate to buy Ethereum, it will be very difficult for Ethereum to reach the ATH that has been targeted.