Ethereum Gets Massive $12,000 Price Tag From Research Lead Ahead Of Major Upgrade
Dr. Sean Dawson, head of research at DeFi protocol Derive, has made a bullish prediction for Ethereum price. He predicted, The second largest cryptocurrency A rise to highs of $12,000 is possible and explains how a Pectra upgrade could fuel a parabolic rise.
Ethereum set to hit $12,000 due to Pectra upgrade and other factors
Dawson Predictive Ethereum could reach $12,000 by the end of the year thanks to the Pectra upgrade, Donald Trump’s presidency, increased adoption, and a surge in ETF inflows. Research analysts say that if Pecotra Upgrade is successful. This upgrade is designed to help expand the network and improve user experience.
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given Donald Trump’s support for cryptocurrencies Dawson also believes that the US president-elect will create a pro-regulatory environment, which will support further growth of Ethereum. Dawson also said that in order for ETH to reach its $12,000 target, Ethereum must see wider adoption in the real-world asset (RWA) industry. The network must also become a top player in emerging areas such as DePIN and AI agents.
this Ethereum Exchange Traded Fund (ETF) could also play a role in ETH achieving this goal. Dawson mentioned that more money must flow into these funds. He warned that the funds’ failure to attract institutional interest could lead to a bearish scenario for Ethereum.
On the bearish side, research analysts predict that Ethereum could drop to $2,000 due to lack of inflows. Spot ETH ETF. He noted that this could happen if these funds lose ground due to the successful launch of the Solana ETF. Considering Solana’s dominance of online activity last year, this certainly remains a possibility.
Dawson warned that other layer-1 networks are challenging Ethereum’s market share, although he added that this could offer higher risk and reward opportunities.
ETH remains bullish despite recent market declines
Cryptocurrency analysts say the outlook for Ethereum remains bullish despite recent market declines. Cryptocurrency analyst Moon Carl said in an X post that despite the recent sell-off, ETH is trading at symmetrical triangle Within the daily time frame. The analyst added that if support holds, a breakout of the bullish target of $4,100 is expected.
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Cryptocurrency analyst The Cryptomist also forges a path to new realms for Ethereum All Time High (ATH). She highlighted a large falling wedge, which is associated with symmetry deviations. She added that ETH could retest the broken level before rejecting support and inserting a 4-hour oversold bullish divergence before rebounding to new ATH.
According to statistics, as of this writing, the price of Ethereum has risen to around $3,300 in the past 24 hours. data From CoinMarketCap.
Featured image created using Dall.E, chart from Tradingview.com
