A top crypto analyst is laying out his long-term roadmap for Ethereum (ETH) to surge to a new all-time high of $10,000.
Pseudonymous trader Kaleo tells his 527,600 Twitter followers that ETH could sink as low as the $700 or $800 range in 2023 before breaking out a few years later.
“Keeping it simple. Expect plenty of volatility within the base range through the next BTC halving, but it’s time to accept that we’re in a crab market. No price discovery until late 2024 / early 2025.”
Ethereum is trading for $1,045 at time of writing. The second-ranked crypto asset by market cap is down more than 5% in the past 24 hours.
Similarly, Kaleo does not see Bitcoin (BTC) obtaining a new all-time high until 2024 or 2025.
“Bitcoin roadmap to new all-time high.”
The trader says he wants to long BTC when it hits $16,500.
“Finally gonna get that fill to $16,500.”
Bitcoin is trading for $19,396 at time of writing. The top-ranked crypto asset by market cap is down by more than 4% in the past 24 hours.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Roman3dArt/oneshot1