Ethereum News

Here’s an Upside Price Target for Ethereum (ETH) This Market Cycle, According to InvestAnswers

Here’s an Upside Price Target for Ethereum (ETH) This Market Cycle, According to InvestAnswers

A widely followed analyst predicts that Ethereum (ETH) will see rallies to the tune of 125% from current levels during this crypto bull market.

The anonymous host of InvestAnswers tells his 494,000 YouTube subscribers that he’s using the layer-in, layer-out model to determine potential price targets for the native asset of the leading smart contract platform.

The layer-in, layer-out model is based on various factors such as trend analysis, volatility and market behavior.

Says the host of InvestAnswers,

“I do believe it [Ethereum] could run quite a bit. And per our layer model, it could reach $8,000. But I do believe if you have a position, start thinking about layering out to faster horses.”

But while the anonymous analyst is predicting new all-time highs for Ethereum, he says that ETH only accounts for 0.6% of his portfolio as he thinks other crypto assets will outperform the second-largest crypto asset. One altcoin on his mind is the Ethereum rival Solana (SOL).

“ETH is being eaten alive by Solana. This is the performance over the last year. Solana has beaten ETH by nearly 400%. And ETH has been on a rampage, okay.

ETH went from $1,300 to $4,000… but still Solana has smoked it.”

Source: InvestAnswers/X

At time of writing, Ethereum is trading for $3,385 while SOL is worth $187.57.

 

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

&nbsp

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…

Click Here to Read the Full Original Article at Ethereum News – The Daily Hodl…