How The Ethereum Price Could Reach $18,000
Crypto analyst BallaJi has shared his insights on how the Ethereum price could reach $18,000. The analyst believes that the measured move of this HVF could send Ethereum to this target, based on logarithmic projections. However, he also stated that the price rally to the target might not happen in 2025.
Logarithmic Targets
BallaJi highlighted three logarithmic targets on the chart, with $18,000 being the third and last target. The first target is at $3,818, and the Ethereum price has already reached, broken, and retested this level. The second target is at $6,236.
Linear Targets
The analyst also provided insights into how the Ethereum price could continue this upward trend using linear measured moves. The next linear target is at $5,193, which would mark a new all-time high for ETH. The next target is at $7,299, and BallaJi’s chart shows that the Ethereum price could hit these targets by next year.
Countdown To New ATH Has Begun
Crypto analyst Justin Bennett stated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst’s accompanying chart showed that a quick rally above $5,000 could lead Ethereum to hit $6,300.
Market Structure
Titan of Crypto, a crypto analyst, also predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH’s market structure mirrors BTC’s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher.
Current Market State
At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to data from CoinMarketCap.
Conclusion
Crypto analysts BallaJi, Justin Bennett, and Titan of Crypto all believe that the Ethereum price has the potential to reach new heights. With the price already breaking above $4,000 and with logarithmic and linear targets in sight, it is likely that the Ethereum price will continue to rise.
FAQs
Q: What is BallaJi’s target for the Ethereum price?
A: BallaJi’s target for the Ethereum price is $18,000.
Q: What are the logarithmic targets for the Ethereum price?
A: The logarithmic targets for the Ethereum price are $3,818, $6,236, and $18,000.
Q: What are the linear targets for the Ethereum price?
A: The linear targets for the Ethereum price are $5,193 and $7,299.
Q: When could the Ethereum price hit these targets?
A: According to BallaJi’s chart, the Ethereum price could hit these targets by next year.
Q: What is the current price of Ethereum?
A: At the time of writing, the Ethereum price is trading at around $3,980.
