A widely followed analyst predicts that Ethereum (ETH) will see a 125% rally from current levels during this crypto bull market.
The anonymous host of InvestAnswers tells his 494,000 YouTube subscribers says he uses the layer-in, layer-out model to determine potential price targets for the leading smart contract platform’s native asset.
The low-in, low-out fashion model is based on various factors such as trend analysis, volatility and market behavior.
Says the host of InvestAnswers,
“I believe so [Ethereum] could walk quite a bit. And according to our tiering model, this could reach $8,000. But I do believe that if you have a position, you should think about switching to faster horses.”
But while the anonymous analyst predicts new all-time highs for Ethereum, he says ETH makes up just 0.6% of his portfolio as he thinks other crypto assets will outperform the next largest crypto assets. One altcoin he is thinking of is Ethereum rival Solana (SOL).
“ETH is being eaten alive by Solana. These are the achievements of the past year. Solana has beaten ETH by almost 400%. And ETH is in turmoil, okay.
ETH went from $1,300 to $4,000… but Solana still smoked it.”
At the time of writing, Ethereum is trading at $3,385, while SOL is worth $187.57.
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Generated image: DALLE3