Popular analyst Ali Martinez believes that Ethereum is heading for a very strong period. He predicts that the Ethereum (ETH) price could rise to $10,000 per token within a few years. According to him, the prospects remain positive for the number two in the market.
New buying pressure from major investors
According to Martinez, the renewed buying activity of large investors, the so-called ‘whales’ and ‘sharks’, is an important sign of growing confidence.
On-chain data from analytics platform Santiment shows that wallets holding between 100 and 10,000 Ethereum have started accumulating again in recent weeks. In total, these large investors bought back about one-sixth of the coins they sold between October 5 and October 16 during the sharp market correction.
“That is a positive signal for the number two in market capitalization,” Santiment said in an update. According to the platform, the increase in large purchases indicates that the largest players in the market are regaining confidence in the long-term potential of Ethereum.
Route to $10,000 for Ethereum
In a post on X on October 25, Martinez outlined a scenario in which Ethereum eventually reaches the $10,000 mark. However, according to him, that process may take longer than many investors expect. His graph shows a possible temporary decline towards 2026, followed by a strong increase in the years 2027 and 2028.
Ethereum is currently trading around $4,144, up just over 2 percent from a day earlier, according to data from CoinGecko.
Other market analysts agree with that optimism. Well-known trader Crypto Zee states that Ether is in the process of forming a “classic continuation pattern” that usually precedes a new upward phase.
“Look for a gradual climb through resistance around $4,250, followed by the key demand zone target around $4,750,” he wrote on Friday.
Analyst CryptoJelleNL also remains positive about the prospects. According to him, the $10,000 price target remains realistic as long as Ethereum remains above its previous highs.
According to analysts, the renewed purchasing power of major investors and the positive technical signals mean that the market is looking more hopefully at Ethereum again. For now, however, the currency remains caught between short-term uncertainty and long-term optimism.
Source: https://newsbit.nl/deze-analist-ziet-ethereum-naar-10-000-stijgen/
