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Ethereum Nearly Hits $4K, Crypto Analyst Says $ETH Will Reach $10K by Year End

2 Mins read

On Saturday (May 8), during an interview on the “Altcoin Daily” YouTube channel, crypto analyst, trader, and influencer Ben Armstrong gave his short, medium, and long term price predictions for the Ethereum ($ETH) price.

cryptonews.net

Armstrong, better known as “Bitboy Crypto”, the host of the most popular crypto-focused YouTube channel, made his comments about Ethereum during an interview with Austin Arnold and Aaron Arnold, the co-founders and hosts of the “Altcoin Daily” YouTube channel.

Armstrong said:

We were a little bit early on calling to $2,500. That took an extra couple of months, but we got there. and now it’s exploded up to $3,500… as of this morning, it was there. It had a little bit a pullback… but it looks like $4,000 is pretty achievable for Ethereum even though Bitcoin is not doing that great…

I’m looking at by the middle of June a $5,000 Ethereum. I’m looking at by the end of August a $10,000 Ethereum, but I still believe it can get to $27,000… sometime between Halloween and Thanksgiving… I’ll shave my head on New Year’s Day if it doesn’t hit $10,000 by the end of this year.

Well, earlier today, the Ethereum price did nearly hit $4,000. Data by TradingView indicates that around 07:17 UTC, on crypto exchange Bitstamp, $ETH hit today’s intraday high of $3,985, which is a new all-time high.

Five-Day ETH-USD Chart (Bitstamp) by TradingView

Currently (as of 19:47 UTC on May 9), Ethereum is trading around $3,868, which means that ETH-USD is up 2.03% in the past 24-hour period. As for the year-to-date period, ETH-USD is up 424.47%.

YTD ETH-USD Chart (Bitstamp) by TradingView

Another very popular crypto analyst and influencer who is is highly bullish on Ethereum is Lark Davis, who re-iterated earlier today his belief that the Ethereum price is heading to $10,000.

#ethereum combines dividends paid in the native asset, access to the biggest #crypto economy, and with EIP 1559 a deflationary currency. This is not priced in yet. $10,000 coming!

— Lark Davis (@TheCryptoLark) May 9, 2021

Davis also had something to say about the amount of Ether locked up in DeFi smart contracts.

Almost 25% of the entire supply of #ethereum is locked in defi smart contracts, incredible!

— Lark Davis (@TheCryptoLark) May 9, 2021

According to The Block’s Data Dashboard, Google Trends data shows that search interest for Ethereum is currently at an all-time high.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Featured Image by “elifxlite” via Pixabay.com

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