The pseudonymous crypto analyst known as Credible Crypto told his followers on X that in 2024 Ethereum Claims the minimum price target for is $10,000 does. This represents a gain of over 343% from the current level.
Additionally, the analyst states that the maximum price target for ETH in 2024 is $20,000. This means an increase of approximately 786% from its current value.
Although Ethereum experienced a local bottom around $2,100 earlier this week, the analyst noted that the leading altcoinHe is of the view that it could witness one more corrective move towards $2,160 before challenging the $2,400 resistance.
Credible Crypto’s bullish trend on the altcoin comes as blockchain analysis platform Santiment said Ethereum whales are rapidly accumulating the second-largest digital asset by market cap.
According to Santiment, the top 150 self-custody wallets currently hold 56.25 million ETH. This is the highest level ever recorded. Meanwhile, exchange wallets are at 9.46 million ETH, the lowest since June 2018.
Santiment notes that when it comes to both exchange and off-exchange wallets, the top 150 whales currently hold 65.71 million ETH, which is an all-time high.
Koinfinans.com As we reported, Ethereum is trading at $2,255 at the time of writing this news.