Crypto Analyst on Ethereum price: ‘Can Go As High as $10,000 Even by the End of the Year’


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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:

Source: “About” page on “The Wolf of All Streets” website

Here are a few highlights from comments Melker made about Ethereum in a video (titled “Ethereum Hits $2K, What’s Next”), which he released on his YouTube channel on April 2:

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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.

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