Here’s an Upside Price Target for Ethereum (ETH) This Market Cycle, According to InvestAnswers

A broadly adopted analyst predicts that Ethereum (ETH) will see rallies to the tune of 125% from present ranges throughout this crypto bull market.

The nameless host of InvestAnswers tells his 494,000 YouTube subscribers that he’s utilizing the layer-in, layer-out mannequin to find out potential value targets for the native asset of the main sensible contract platform.

The layer-in, layer-out mannequin relies on numerous elements similar to pattern evaluation, volatility and market habits.

Says the host of InvestAnswers,

“I do consider it [Ethereum] might run fairly a bit. And per our layer mannequin, it might attain $8,000. However I do consider when you’ve got a place, begin fascinated about layering out to sooner horses.”

However whereas the nameless analyst is predicting new all-time highs for Ethereum, he says that ETH solely accounts for 0.6% of his portfolio as he thinks different crypto belongings will outperform the second-largest crypto asset. One altcoin on his thoughts is the Ethereum rival Solana (SOL).

“ETH is being eaten alive by Solana. That is the efficiency during the last 12 months. Solana has overwhelmed ETH by almost 400%. And ETH has been on a rampage, okay.

ETH went from $1,300 to $4,000… however nonetheless Solana has smoked it.”