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Following the opening of U.S. markets, Bitcoin (BTC) 
$101,924 fell to $108,500, while Ethereum (ETH) 
$2,259 found buyers at $2,740. Although discussions between China and the U.S. continue, no definitive announcements have been made. The anticipation of a Geneva-like outcome from Paris has investors excited. This has led many to wonder, what will Ethereum’s (ETH) price be? Let’s explore the latest predictions from popular analysts.
Ethereum Price Target
Should the ETHBTC pair return to its peak, it is predicted that ETH’s price could approach $10,000. In the short term, closures above $2,850 would support further increases. Analyst Rover believes that an ETH rally has already commenced and anticipates that the price will soon rebound to $4,000. This scenario suggests we may witness significant gains in altcoins as well.
Many altcoins are still lingering in last year’s consolidation zones, with some even reaching lower lows. The rise in the number of altcoins and the fears around the increase in Bitcoin dominance (BTCD) contributed to this situation. However, if the expected recovery in the ETH chart occurs, investors will likely be more optimistic.
Expectations for Altcoins
Altcoins have not yet strongly responded to the BTC and ETH rise. The focus remains on the concrete steps that U.S. and Chinese officials might take following their discussions. While discussions on tariffs continue with many countries, the talks with the EU and China hold the most significance. Signing agreements with them would mean a diminishing of recession fears this year, alongside a rise in risk markets amid increased global liquidity.
According to Poppe, the status quo persists, with DeFi and projects within the Ethereum ecosystem expected to yield good returns.
“The same theory is still applicable:
– Bitcoin rises.
– Bitcoin consolidates.
– ETH follows.
– Altcoins outpace Ethereum’s performance.
This scenario suggests a strong sign of increased momentum from DeFi and projects within the Ethereum ecosystem. It’s time to take risks.”
Trader Tardigrade noted that since the end of 2023, a 2.5-year-long uptrend has formed on the weekly chart.
“BTC recently returned just below this central line. Should it break this line, it could rise to $230,000 before reverting to the central line.”
