As the cryptocurrency market experiences a general rise, Ethereum’s price has decreased by over 1% in the past week. Prominent analyst Ali Martinez suggested that Ethereum 
$3,112 may surpass Bitcoin 
$94,793, following the rally of the S&P 500. He sparked interest among traders by predicting that ETH could rise to the $10,000 level.
“Ethereum Will Outpace Bitcoin in This Cycle”
Crypto analyst Ali Martinez stated that Ethereum has consistently outperformed Bitcoin in each market cycle. He mentioned, “We have not yet reached that stage in this cycle, but it will happen soon,” emphasizing Ethereum’s potential for growth.
ETH experienced a 10% correction from the $3,400 level in November. However, strong support around $3,000 has maintained investor interest. According to on-chain data, 6.14 million Ethereum has been accumulated by 2.82 million addresses around the $3,000 mark.
Whale Accumulation and Technical Data Support the Upsurge
Another crypto analyst, IamCryptoWolf, argued that if ETH surpasses the $4,000 level, it will reach the $10,000 target. He remarked, “Ethereum has established a solid foundation by creating higher lows over the last 2.5 years. The momentum is building slowly, but it will accelerate once we surpass $4,000.”
Recent accumulation by Ethereum whales supports these predictions. Since early November, whales have purchased 430,000 ETH, with a total value reaching $1.4 billion. This trend aligns with a bullish potential indicated by the MVRV ratio, which shows a lower realized value than Ethereum’s market capitalization.
Currently, ETH is trading at around $3,110, with a 1% decrease in the last 24 hours and a 23% drop in trading volume. However, a 1% increase in open positions in futures trading strengthens market signals for a rise.
Future price movements of Ethereum are being closely monitored due to the influence of whales and market dynamics. Analysts underline the importance of cautious and strategic actions for investors during this period.
