Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH

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Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gainas it makes this parabolic run.  Ethereum Price To Rally To $8,000

In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also statedthat his targets for ETH in this cycle are between $8,000 and $10,000.  Related Reading Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’ 2 weeks ago

In a recent analysis, Mikybull Crypto revealed that the current Ethereum price was showing a similar price action to the 2017 market cycle. Based on this similarity, he remarked that ETH might pull a higher price target to at least $8,000. Despite the altcoin’s underperformancein this cycle, the analyst has been one of those who have been confident that it will still record a parabolic rally in this bull run.  Source: Crypto GEM on X

In the short term, Mikybull Crypto predicts that the Ethereum price can rally above $3,000. In an X post, he stated that ETH is still coiling up within the ascending triangle. He added that the target is $3,200 on this potential breakout. He again reaffirmed this prediction in another X analysis.  

The analyst claimed that the same formationis playing out in a different scenario and remarked that market participants should prepare for a “melt-up.” His accompanying chart showed that the Ethereum price could even rally above $3,600 on this run-up. This would put ETH close to the psychological $4,000 price, which could pave the way for the run to a new all-time high (ATH).  ETH Eyes $3,800 As Bull Flag Forms

In an X post, crypto analyst Titan of Crypto predicted that the Ethereum price could rally to $3,800 as a bull flag forms. He stated that ETH just broke out and that this bullish pattern is playing out. If confirmed, the analyst remarked that the next target sits around $3,800. This is just an intermediate target as Titan of Cryptoexpects Ethereum to rally higher in the long run.  Related Reading Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH 4 hours ago

Like Crypto GEM and Mikybull Crypto, the analyst also believes that the Ethereum price can reach $8,000 at some point. In an X post, Titan of Crypto highlighted Ethereum’s market structureand potential targets. The first target for ETH is just above $5,000, the second is just above $7,000, and the third target is $8,500. 

At the time of writing, the Ethereum price is trading at around $2,500, down in the last 24 hours, according to datafrom CoinMarketCap. ETH trading at $2,483 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com