Ethereum Is About To Explode: ETH Could Go Up 400%

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Ethereum is another crypto asset that is about to explode. There are all kinds of optimistic crypto predictions about the digital assets and Ethereum is one of them.

The online publication the Daily Hodl notes that the popular crypto analyst Justin Bennett thinks Ethereum (ETH) is gearing up for another major rally that could take the coin by nearly 400%.

ETH to reach $20k the next year

The analyst explained how Ethereum could rally to $20,000 by January 2022 if Bitcoin (BTC) allows for the right market conditions.

“If $BTC breaks $65,000 without a significant pullback first, $ETH probably matches it with a close above the May trend line. Would put ETH on track for $20,000 in January. This is my trigger to ape in more than I already am.”

As the online publication mentioned above notes, Bennett thinks that a $20,000 top for ETH is more likely and this is given that too many traders are calling for a high of $10,000.

He also made it pretty clear that he believes that most traders underestimate the rush of capital that can flow in during a parabolic run.

He also warned traders about a potential dump that could take place soon.

At the moment of writing this article, ETH is trading in the green, and the coin is priced at $4,200.17.

Stay tuned for more news.

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