Ethereum Price Forecast: Analyst Projects $10K for ETH, but 'Not as Soon as You Think’

Analysts are projecting a long-term future for Ethereum (ETH) with targets of $10,000 and $13,500 by 2029. The projections come as larger ETH holders, referred to as 'whales and sharks,' show renewed confidence by increasing their holdings after a period of selling. Despite the positive outlook, the analyst warns that reaching these five-digit price points might take longer than some investors expect, with a potential pullback predicted into 2026 before any significant climb towards the target numbers. Currently, ETH prices are hovering around $3,946, demonstrating some resistance at the $4,000 mark. For momentum to build towards these ambitious targets, ether must first break through this resistance level and maintain higher support. Overall, the analysis suggests a multi-year trajectory rather than immediate results, highlighting the necessity for substantial market movements and clearance of key resistance levels before further upward movement can be sustained.

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