Renowned crypto analyst Credibull has once again presented his past Ethereum analyses. Having correctly predicted Bitcoin‘s rise from $43,000 to $44,000, the analyst has also made a positive comment for ETH. Credibull’s psychology indicates a potential rise within the extensive ETH ecosystem, reflecting his optimism about Ethereum.
Credibull stated that ETH shows potential for a rally that could surpass the $2600 level and that this could happen overnight. He also added that the rise of Ethereum would be long-lasting and that he has already taken a position.
The analyst who interpreted the Bitcoin rally to be synchronous with Ethereum commented that ETH will follow BTC. According to the analyst, the Bitcoin price will exceed $50,000 next week, and the Ethereum price will follow suit.
Another noteworthy analyst, Aaron Arnold, the voice of the Altcoin Daily crypto channel, suggests that the Ethereum price could see a significant increase if BlackRock’s spot Bitcoin ETF is potentially approved.
Arnold mentioned that if the ETF is approved, there could be a significant increase in demand, followed by Ethereum’s price reaching new highs. Based on Arnold’s historical price movement analysis, if Ethereum repeats its performance from the previous bullish cycle, prices could move towards the $4,200 level. Even in the worst-case scenario, the price is expected to rise to the $2,800 level.