The post Ethereum Path To $8,000 Milestone Unshaken By Market Fluctuations – Analyst Claims appeared on BitcoinEthereumNews.com.

Ethereum‘s long-term outlook appears to be quite positive as ETH sees a wave of bullish predictions about a move to unprecedented heights in the ongoing market cycle. As ETH navigates the volatile phase, a shift in momentum might signal the start of its next major price surge. $8,000 Price Target Remains Within Reach For Ethereum Amid waning market conditions, Trader Tardigrade, a crypto expert and investor, has pointed to an optimistic future for Ethereum in a recent analysis. Specifically, the analyst has claimed that the altcoin’s path to a new all-time high is not wavered by ongoing market fluctuations. This implies that ETH’s long-term bullish outlook is unlikely to be derailed by short-term turmoil. The analyst’s forecast comes in light of rising investors’ confidence and growing accumulation, which could maintain the altcoin‘s upside trajectory. According to the expert, Ethereum’s trajectory toward the $8,000 milestone remains intact, indicating ETH’s resilience in the current market cycle. His bold prediction hinges on ETH performing similarly to past cycle trends, which led to its all-time high. “Patterns in the 2021-2025 cycle are very similar to those in the 2018-2021 cycle,” the expert stated. Furthermore, he highlighted that ETH is developing a greater consolidation before its next massive bull run to the $8,000 level. This huge consolidation is considered to be the final one as ETH prepares for a breakout into uncharted territory. ETH’s rally to $8,000 looking positive | Source: Trader Tardigrade on X Ethereum’s upward momentum is further bolstered by the formation of a key chart formation, particularly the Cup and Handle pattern. Trader Tardigrade cited the pattern after examining ETH’s price action in the monthly time frame. A Cup and Handle formation is a bullish technical pattern that marks a consolidation period followed by a breakout. It is a positive continuation formation…

---

Filed under: News - @ December 31, 2024 11:15 am