- It was analyzed that Ethereum will rise to the mid-$5,000s by year-end if it breaks the $4,100 resistance.
- As Bitcoin hits an all-time high, some of the profits from Bitcoin will flow into Ethereum, and attention should be focused solely on Bitcoin and Ethereum.
- Alt season won't return until we see bullish movements in Bitcoin and Ethereum.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Analysis suggests that Ethereum (ETH) is poised to reach an all-time high (ATH).
On the 17th (local time), crypto analyst Justin Bennett stated on X, "It's time for Ethereum to reach ATH," adding, "If it breaks the $4,100 resistance, it will rise to the mid-$5,000s." He further mentioned that "as Bitcoin reaches its all-time high, some of the profits from whales will flow into Ethereum," emphasizing that attention should be focused solely on Bitcoin and Ethereum for the next two weeks.
He also predicted that Bitcoin would break its ATH again. Bennett said, "Bitcoin is gearing up for a Christmas rally," and noted, "Considering the Trump administration's view of Bitcoin as a strategic reserve asset for the U.S., a price drop by year-end is unlikely." He added, "Alt season won't return until we see bullish movements in Bitcoin and Ethereum."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
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