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Analyst Predicts Ethereum Price Could Rise Above $20k In This Bull Run

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Highlights

    Ethereum price soars high amid the gas fees rising above the levels

    The ETH price is expected to rally hard within the current cycle to hit the levels above $10,000

    With the splendid rally Ethereum enters the top 20 most valued assets according to market capitalization

Ethereum Price Showcasing 2017-BTC Like Rally

Ethereum price is rising high, forming new highs every new day. The price is showcasing a constant uptrend without much dumps. However, the gas fees are the area of concern, it appears that it has not hindered the bull rally.

The ETH price is slowly heading towards the set target at $5000 and once smashed, the price is expected to rally high. According to many, ETH price rally is believed to be undervalued compared to that of Bitcoin. And hence a popular analyst il Capo Of $NOIA has extended the target for the current bull run from $10k to $20K.

Moreover, according to popular analyst, David Gokhstein, the Ethereum price rally is manifesting a similar wave that Bitcoin price had in 2017. Therefore, the price may rally as predicted by the analyst and the crypto space may not go with it, focusing more on the high gas fees.

Also Read: Ethereum Price Smashes $4000, $10000 Seems Imminent!

ETH, A $500B Asset Soon!

The price eventually may hit $5000 shortly, carrying the market capitalization above $500 billion. Currently, after the splendid rally, Ethereum has entered top 20 assets in the world according to market cap. It has surpassed J.P.Morgan and is on the verge to flip VISA to secure the 16th position. 

eth mc

One of the biggest advantages of ethereum of being in abundance may even flip Bitcoin to be the most valued crypto ever. As rightly pointed out by a popular analyst Simon Dedic, yet another 2X rally from the current, may flip Bitcoin.

Collectively, Ethereum price rally may surge to gain new highs in the coming days as the price appears to be self-assured. The asset has showcased a more accelerated bull run than Bitcoin price with increased returns on investment. Therefore one should not be surprised if Ethereum becomes the leader of the crypto space flipping Bitcoin.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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