Top Analysts Set Huge Targets for Ethereum: $7,000, $11,000, and $15,000

About Crypto Banter “The Sniper Market Show” the analyst began by gauging the public’s enthusiasm and positivity regarding the bull market. He then discusses emotions and market phases, pointing out that altcoins are not even in the “Hope” phase yet, but are still in a disbelief phase. This, she suggested, means that the altcoin rally phase is approaching, which typically occurs towards the end of the bull cycle.

The analyst added that he believes it altcoins they are still approaching a key phase of the market cycle and are ready to begin their rally, which typically indicates the next phases of the bull cycle.

He then underlined it Ethereum is currently at the peak, around 3.68 (Fibonacci levels), which is related to the $4,900 high. Using Fibonacci levels from top to bottom provided all the levels needed for the analysis. Once the initial levels were exceeded, Ethereum indicated the next play. If it failed to break out, it typically fell back to the previous level, showing where to buy back if profits were taken in those areas.

For Ethereum, the analyst set targets at $7,000, $11,000, and $15,000. He believes that if this were a true bull run, Ethereum should reach the 3,618 Fibonacci level, as it has in every previous bull market. Therefore, it is preparing for a potential high of $15,000, with interim targets of $7,000 and $11,000. At the time of writing, ETH is trading at $3,698 and is down 3% in the last 24 hours.

However, the analyst also issued a warning about the cryptocurrency market and said that despite reaching billion-dollar market caps, the real value could only be a fraction of that value, around $300 million. This discrepancy stems from the euphoria and excitement surrounding the market, leading to inflated prices.

Read also: Rise of Solana-based Altcoins! What is the future of MEW and HIGH tokens?

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