Ethereum is currently lingering below $130 and its presence to such low level disturbs many Ethereum lovers and investors. A crypto analyst predicts that in the next bull run, Ether is going to touch the mark of $10,000.
Ethereum has dropped much since its all-time high value that was recorded in 2018 at $1,300 and from then, it is continuously going down. However, it is still the second-largest cryptocurrency by market volume after bitcoin. The next year is important for the coin and it is an important question: will it retain the second-highest position?
Ethereum Foundation is working for a long time on the network updates. Recently, the Istanbul hard fork launched to improve the network and to fix the many bugs. Now, the co-founder of Ether, Vitalik Buterin, announced that they are shifting the network to Ethereum 2.0. This new change in the network may boost the price value up.
Eth to $10,000
A crypto trader, as well as an expert, claims that Ethereum will go high besides the rude attitude of most people towards the coin. He is very optimistic and expects that next bull rum will take the value to $10,000.
You can hate Ethereum as much as you want, but it's going to $10k during the next bull run.
— Bitcoin Macro (@BTC_Macro) December 25, 2019
Weiss Crypto Ratings, a financial agency, took to twitter and remarked on the Buterin’s suggestion that turning to ETH .0 is beautifully simple but technical details should be taken into consideration.
Vitalik Buterin suggested a faster way to migrate data to #ETH 2.0, meaning the long-awaited upgrade may come sooner than expected. The idea of making the ETH 1.0 a shard in the ETH 2.0 system is beautifully simple. The technical details will still need to be sorted out though.
— Weiss Crypto Ratings (@WeissCrypto) December 24, 2019
Eth 2.0 will definitely improve the performance of the network that ultimately leads to a change in the coin’s price value. Currently, the coin is under selling pressure following the Bitcoin. However, the technical indicators are giving us long term positive targets.
A blockchain intelligence firm, IntoTheBlock, stated that the recent bearish move has pushed 90% of all Eth wallets out-of-money. Only 8% of all wallets are in the money.
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