The countdown has begun for the Shanghai upgrade in the largest altcoin Ethereum. In the last two days for Shanghai, ETH is trading below $1,900.
While investors are waiting for $ 2,000 in ETH, Chris Burniske, former crypto analyst at Ark Invest, said he expects $ 10,000 in Ethereum.
Explaining that it continues to rise in Ethereum, contrary to those who expect a major correction in cryptocurrencies and ETH, Burniske stated that he believes ETH is ready for a long-term massive rally.
“To those who are waiting for $1, 10, 100 and $1,000 in Ethereum and negative in ETH: See you at $10,000 in ETH.
This is not what I said in 3 months, but it will be possible in 2025."
Not in 3 months though 😉 2025 possible
— Chris Burniske (@cburniske) April 9, 2023
Stating that he expects a rally in the wider crypto money market other than ETH, Burniske added that there may be short-term pullbacks in this period.
“In the broader picture, I think the crypto markets are probably ready for a rally.
Of course, there may be short-term pullbacks during this period. But I don't think cryptocurrencies will witness big drops anytime soon."
*Not investment advice.
