Ethereum Could Surpass $3,000 This Quarter Says Analyst

A widely followed crypto analyst has shared his price predictions for Ethereum (ETH) and Bitcoin (BTC), the top two digital assets by market cap. In a recent strategy session, the pseudonymous crypto trader Pentoshi stated that Ethereum could surpass the $3,000 price mark this quarter due to a “structural shift” in the market. Pentoshi believes that Ethereum will not only appreciate against the USD but also against other assets, indicating a significant upward trend.

Pentoshi's analysis suggests that Ethereum could peak over $4,000 by the start of 2025 before settling around $2,500 in July of the following year. This prediction is based on the current market trends and the potential impact of upcoming technological advancements. Ethereum is currently trading at $2,577, showing a slight increase on the day.

Moving on to Bitcoin, Pentoshi noted that the movements of the top crypto asset by market cap since July 2023 do not appear to be bearish. He believes that those who are bearish on Bitcoin have been affected by low time frames, leading to both mental and financial stress. Pentoshi concludes that Bitcoin should hit a new all-time high soon, although he did not provide a specific date range. Bitcoin is currently trading at $109,488, with a 1% increase in the last 24 hours.

Pentoshi's predictions for both Ethereum and Bitcoin are based on a thorough analysis of market trends and the potential impact of upcoming technological advancements. His forecast for Ethereum is particularly noteworthy, as it suggests that the cryptocurrency could reach a significant milestone before the end of October. Pentoshi's outlook for Bitcoin is equally bullish, highlighting several key developments that could drive its price trajectory in the coming months. Overall, Pentoshi's predictions for both Ethereum and Bitcoin are based on a comprehensive analysis of market trends and the potential impact of upcoming technological advancements.