ETH bulls target 9,000 USD: Does the data support the lofty price target?

ETH has seen a 50% surge in the last two weeks, demonstrating significant bullish momentum, despite remaining below its all-time high of 4,900 USD from November 2021.

On-chain data shows that 28% of ETH is staked, and exchange balances are at their lowest since 2016, signifying reduced liquidity. Fresh investor inflows have increased by 16%, reflecting growing market interest.

Analysts predict a possible price peak of 9,000 USD by early 2026, contingent on favorable macro conditions, underlining a potential upward trajectory for ETH’s value.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts