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.
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