$15,000 to $20,000 cycle top target nears for ETH price.
Ethereum enters top 30 global assets with $416.17 billion market cap.
Analysts confirm that ETH price still has a long run to pull this bull cycle.
The price of Ethereum (ETH), the pioneer altcoin asset pumpe once again. This time its surpassed its previous trend high in the $3,4000 price range and reclaimed the $3,600 price region. Ethereum has now entered the top 30 global assets with $416.17 billion market cap. With this latest breakthrough, ATH expectations for ETH price have increased with cycle top prices expected between the $15,000 and $20,000 price range.
Ethereum Enters Top 30 Global Assets
According to CoinMarketCap analytics, the price of ETH is up over 8% over the last 24 hours. The pioneer altcoin asset has reclaimed the $3,646 price region, working its way steadily up to reclaim its previous ATH price in the $4,800 price range. Amid this surge, Ethereum has entered the top 30 global assets with a $416.17 billion market cap, surpassing Johnson & Johnson.
https://twitter.com/Cointelegraph/status/1945979544680136963
Certainly, this is an incredible breakthrough for ETH. This year bull cycle has already shown how BTC reclaimed the top 5 global assets, beating out Google and Amazon to claim the rank. Now, with ETH also showing incredible promise, analysts are taking another look at all the bullish indicators on the ETH price chart to confirm and predict where the price of ETH will go next.
https://twitter.com/Sykodelic_/status/1945877923623522427
As we can see from the post above, this analyst says that the ETH price chart still has so far to run. To elaborate, he shares a monthly chart saying that ETH is essentially in a 5-year-long triangle, that's going to break through soon. When it does, it will start making aggressive moves to the upside. He also confirms that the 1M MACD is about to cross bullish for the first time in 18 months.
$15,000 to $20,000 ATH Set as ETH ATH Cycle Top Expectation
The last two times ETH made this move were in 2020, followed by a 16-month pump, and then in 2023, when it pumped for 6 months. In addition, the RSI shows room for greater push. This, paired with BTC Dominance falling, shows that ETH is preparing for a huge move upwards. The analyst concludes that an ETH ATH target above the $10,000 price is highly likely this altseason.
https://twitter.com/ColinTCrypto/status/1946039953445859467
The analyst in the post above goes even higher, saying that the cycle top price for ETH this bull cycle is easily set at the $15,000 to $20,000 price range. He concludes that a 3x-4x from ETH's previous ATH of $4,800 is highly likely and would perfectly touch that upper trend line. Meanwhile, he adds that BTC will likely make between 2x-3x from its previous ATH of $69,000, but Ethereum will outpace Bitcoin.
