On April 2, crypto analyst and trader Scott Melker (aka “The Wolf of All Streets”) discussed Ethereum’s recent price action and explained why he believes the Ethereum (ETH) price is headed a lot higher.
Here is his bio:
“As I said just the other day, I showed the target of $3,600 which I believe is actually somewhat conservative…
“I think it can go much higher and I believe as a result of the network effect and overall bullishness, it can go as high as $10,000 even by the end of the year… I do not think it’s crazy at all. It’s a simple 5x from here. We saw Bitcoin do many multiples of that in one year.“
According to data by CryptoCompare, currently (as of 8:37 UTC on April 4), Ethereum is trading around $2,044.39, down 2.43% in the past 24-hour period, but up 165.45% in the year-to-date period.