Bitmine’s seat Tom Lee and Bitmex co-founder Arthur Hayes hold strong in their prediction that Ether will hit $ 10,000 this year, despite a recent crypto crash, and has less than three months left on the clock.
“For Ethereum, somewhere between ($ 10,000) and $ 12,000,” Lee Says At the Bankless podcast on Tuesday, when asked where he saw the cryptocurrency price at the end of this year.
Hayes, who also appeared in the same podcast phase, said he would “remain the same” in his $ 10,000 prophecy by the end of the year.
With ether (Eth) Trading at $ 4,129 at the time of publication, an increase to $ 10,000 represents a gain of approximately 142%, a target both Hayes and Lee believe to reach, even as a conservative estimate, for the rest of the year.
Ethereum has been “basing” since 2021, Lee says
Lee emphasized that a significant rally like this does not signal excessive market froth, either, because the ether is mainly combined within a scale from hitting a full time of $ 4,878 in 2021. “Ethereum usually guards for four years now, just broken, so it will not be a punch above, discovered to a new level, “Lee said.
Ether only in the short -term reclaimation of 2021 highs this year this year, before retinging and will not re -evaluate the level ever since.
“I think there are many basic things going on next year,” Lee said, and added, “I don’t think it’s the top, but I’m sure it’s a huge level, it may be a huge level but a fun level.”
Both Hayes and Lee have been posting a significant increase in Ether’s price since the beginning of this year.
History data tells a different story: $ 5,000 on cards
Their predictions followed the crash on the Friday market, which was seen More than $ 19 billion in liquids Throughout the crypto market and a wide decline in cryptocurrency prices.
Ether, which traded near $ 4,350 before the crash, is now at $ 4,129 at the time of publication.
Related: Eth Down 6.7% after Crypto ‘Black Friday,’ showing more stability than Alts
However, historic data suggests that the target end of the Ether year may be around half the level Hayes and Lee is forecasting.
October 1 marked the start of the fourth quarter, a period delivered to the history of the average return of 21.36% for Ether since 2016, According to In coinglass.
A similar benefit from its current price will bring the owner closer to the $ 5,000 mark by the end of this year. This is closer to more conservative forecasts of other analysts, such as Tesseract CEO James Harris, who expects it to reach nearly $ 6,500.
Other analysts will conclude the possibility of ether to reach new all-time highs as soon as possible. Mn capital founder michael Van de Poppe said on Sunday The drop saw the ETH/BTC pair at 0.032, which is a “perfect zone for purchase.”
From de poppe write In a post of Tuesday X, “It needs a higher low and then we’re going to the new highs.”
Magazine: Review: The devil captures Bitcoin, a wild history of Mt. Gox and Silk Road
