Ethereum can reach $10,000 by the end of the year

Ethereum can reach $10,000

In the second cryptocurrency on the market, everything revolves around the merger or The Merge in the market. So much so even for the improvement of expectations at its current price. The experts consider that its achievement in the coming months will initiate a new era, even in its price and will set the trend for the future. At the moment, it reduces the annual losses, although it lowers the gains compared to last week.

Ethereum continues to improve in the market, although the truth is that, in recent days, it has done so at a slower rate. However, its good behavior stands out, the one registered in the last month in which, in addition, it is minimizing, without haste, but not without pause either.

In fact, the level of 3,500 dollars per asset is again shown as a key, because, analysts point out that consolidating that level may mean, in the short term, breaking a trend that is resisting it and that can open the door to an improvement substantial, up to $4,550, before reaching new all-time highs above the all-time high of $4,865.

In its price graph, we can see the improvement in value, with advances of 3.29% registered in the last week and that already exceed 33.4% in the last month alone. It is even positive if we look at the semester, while, so far this year, the losses are reduced to 5.56%. Although the year-on-year expectation remains positive, still reaches an improvement of 70.2% for Ethereum.

Ethereum can reach $10,000 by the end of the year

In fact, this improvement in price is reflected in the advance in its market capitalization, which now exceeds 423,330 million dollars and places it in 18th place in the world ranking of assets, behind Johnson & Johnson and ahead of the ETF. most important on the S&P, and SPDR S&P 500 ETF Trust.

It also substantially improves the fear and greed index. Although it even went into greed mode last week, the buff has slowed down somewhat, though it remains neutral at 53 and far from extreme fear.

As for the possible evolution of its price in the remainder of the year, we have news. Those provided by Arthur Hayes, the co-founder of BitMEX, consider that there are two factors that can greatly enhance the price of Ethereum in the market after the merger that is expected in the coming months. He notes that this reborn cryptocurrency will have the characteristics of a commodity-linked bond and an intrinsic return. And he talks about a bond because, in the post-merger world, Ether was lost in an asset that generates income similar to fixed-income security, such as bonds. And he points out that an entity will have to have at least 32 assets to become a full validator.

At the moment The Merge is ongoing and Ethereum’s merger between the mainnet and the Beacon chain’s proof-of-stake system is expected to take place in June. And so, Arthur Hayes believes that his expansion will bring a price of $10,000 by the end of the year. And there are many purchase actions that have ranged up to $10,000 for Ether due in December over the past weekend, about 7,000 specifically.

By the way, the two factors that would take it to those levels will be to become that kind of bonus and also to improve its sustainability levels, presenting an ESG-compatible label.

Regarding the premium indicators of Investment Strategies, we see that it maintains a total score level of 4 out of 10 possible for the asset. With a mixed trend, he points out, bullish in the medium term, but bearish in the long term, with slow negative and fast positive total momentum. Meanwhile, the volume of business is placed to decrease in the medium and long term while the volatility is placed positive, specifically decreasing, in the medium and long term.