The post Top Analyst Predicts Ethereum to Reach $8K appeared on BitcoinEthereumNews.com.

Renowned crypto analyst Van de Poppe has shared  a bullish outlook for Ethereum and the broader altcoin market. The upcoming launch of the Ethereum ETF and rising institutional interest are expected to drive Ethereum to a potential new all-time high. Van de Poppe, a popular crypto analyst has made waves with his bullish prediction on altcoins. Following a correction period that reached a halt two weeks ago, Van de Poppe expects massive gains from altcoins led by the delegate, Ethereum.  In a recent tweet on X, Van de Poppe predicted that the second half of this year will see a continuous upward trend for altcoins. According to the analyst, many altcoins will multiply their current asset values by  5 to 10 times. Ethereum, the largest altcoin is projected to soar to between $6,000 and $8,000. The #Altcoin market capitalization for crypto finished its correction two weeks ago. The second half of the year is going to be up-only. Likely we’ll see 5-10x runs on altcoins and ETH to $6,000-8,000. pic.twitter.com/eM3KS7Jwai — Michaël van de Poppe (@CryptoMichNL) July 15, 2024 Van de Poppe’s bullish prediction springs from recent market movements and technical indicators suggesting a solid basis for altcoin growth. While it is reasonable enough to say that the altcoin market cap has stabilized, data from Blockchain Centre gives reason not to declare it an altcoin season. According to the research center, for the altcoin season to be officially underway, 70% of the top 50 altcoins must surpass Bitcoin’s performance. Given that only 33% of the top 50 altcoins have outperformed Bitcoin in the past three months, it’s clear we’re not in an altcoin season yet. Focusing on the Godfather of altcoins, Ethereum is expected to play a very important role in the impending bull run. The highly anticipated Ethereum ETF,…

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Filed under: News - @ July 16, 2024 11:22 pm