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.
The views and opinions expressed by the author, or the people in any embedded videos, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.