Analyst Sets a Bold Bull Target for ETH At $12,000 in the Next 2-3 Years

Analyst sets a bold bull target for ETH at $12,000 in the next 2-3 years

Some analysts expect a new ATH price to arrive much sooner

Will the crypto market recover or dive deep into a bear market?

As Bitcoin and Ethereum prices continue to fall at a rapid pace, most analysts have come to accept that the crypto market has truly entered a bear market. WIth rising expectations of another financial crisis on the horizon, traders and investors seem to be choosing to put their capital in less risky assets. One analyst sets a bold bull target for ETH at $12,000 in the next 2-3 years

Analyst Sets a Bold Bull Target for ETH

According to CoinMarketCap analytics, the price of ETH has fallen as far as the $2,800 price range, having lost its $3,000 price range. At the moment, this shows that the price of ETH is up by about 3% in the last 24 hours. This shows that despite a declining fall in the price of the pioneer altcoin asset, the price is still moving up in a slightly sideways movement pattern

As we can see from the post above, this analyst believes the price of ETH could drop a little more in price before reviving to hit higher prices. In detail, this analyst says that although he may not have been actively posting about ETH, he has been tracking the 2025 uptrend of the price of ETH steadily and calls in an impulse in play. This suggests that ETH still has some greater potential to pump soon

Thus, as the post goes on to explain with the accompanying price chart, the analyst confirms that what is in play for ETH right now is that the current downtrend is likely being played out as a correction relative to that impulse. He says that this view has not changed, meaning the correction is still underway. The analyst also reveals that this correction is now close to being done and expects ETH to bottom at $2,200 and $2,600.

ETH Could Hit $12,000 in the Next 2-3 Years

Meanwhile, other analysts believe that any chance on new ATH prices in the crypto market will only arrive after 2 or more years, since many seem convinced that the bear market has officially begun. One analyst says that Ethereum got a confirmation today that it is in Wave 2 and not Wave 4, meaning the best part of the bull cycle will occur later, after several more months

The analyst concludes by stating that what will come next is for the price of ETH to hit $8,400 for Wave 3, followed by a wave 5 target at $12,000. WHat’s more, the analyst says that 90% of people won’t agree with this take and will call this a high hopium prediction. Despite the growing FUD, the analyst encourages traders to continue to share updates based on this chart and hope to welcome Wave 3 and 5 targets.