Analyst Sees Fresh Leg Higher for Ethereum Into New All-Time Highs, Predicts Multi-Trillion-Dollar Market Cap for One Tech Stock
An analyst known for his timely crypto calls believes that Ethereum ( ETH ) is now poised for a big breakout to fresh all-time high (ATH) prices.
Pseudonymous analyst Bluntz tells his 328,600 followers on X that Ethereum appears to have printed a local bottom after completing a wave four correction.
Bluntz practices the Elliott Wave theory, which states that a bullish asset goes through a five-wave rally with waves one, three and five serving as uptrends and waves two and four acting as pullback periods.
Says Bluntz,
“This ETH wave four on daily looks like it’s over with a leg higher into ATH yet to come, looking at around $5,500, but ultimately don’t think this ATH break is going to be as sensational as people expect.”
Source: Bluntz/X
At time of writing, Ethereum is trading at $4,216.
Looking outside of the crypto market, Bluntz says he’s keeping a close watch on the electric vehicle maker Tesla (TSLA). According to Bluntz, TSLA is now in the midst of a strong five-wave uptrend that could take the stock above $1,000.
“If FSD (full self-driving) gets good enough to remove the safety driver, which is inevitable and sounds like it’s not too far away, TSLA shifts very quickly from a $900 billion automaker to a multi-trillion dollar AI mobility platform.”
Source: Bluntz/X
As of Monday’s close, TSLA is trading for $443.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Avail's Intent-Driven Nexus Addresses the Issue of Fragmented Liquidity Across Chains
- Avail launches Nexus Mainnet, a cross-chain solution unifying liquidity across Ethereum , Solana , and EVM networks. - The intent-solver model enables seamless asset transfers without technical complexities, streamlining user experiences. - Developers gain modular tools for multichain integration, reducing costs as cross-chain liquidity demand grows. - Nexus abstracts execution layers, offering unified balances and execution while addressing fragmentation challenges. - With $50B+ in cross-chain activity
From Guesswork to Practical Answers: Remittix's Wallet Highlights Crypto's Move Toward Real-World Use
- Remittix launched an App Store wallet, enhancing crypto accessibility with a user-friendly interface and cross-platform development plans. - The wallet's crypto-to-fiat module and CertiK/KYC verification aim to bridge digital assets with traditional finance, boosting investor confidence. - A $250,000 giveaway and 15% referral rewards drive community engagement, positioning Remittix as a utility-focused competitor in a consolidating market. - Analysts highlight its alignment with crypto's shift toward rea
Blockchain Faces a Quantum Countdown: Will Networks Adapt in Time?
- Major layer-1 blockchains prioritize quantum-resistant upgrades as NIST finalizes post-quantum (PQ) standards, addressing long-term risks from quantum computing advancements. - Networks like Algorand deploy lattice-based signatures (e.g., FALCON), while Cardano and Ethereum test hybrid solutions to protect ECDSA-based infrastructure from future quantum decryption threats. - Migration challenges include larger key sizes, complex key management, and incentivizing users to rekey dormant accounts, complicati
XRP News Today: XRP ETFs Attract Unprecedented Investments, But Price Remains Stuck Under Key Resistance
- XRP ETFs attracted $628M in inflows but token price remains below $2.22 resistance despite regulatory progress. - Solana ETFs saw $156M outflows vs XRP's $89M inflows due to technical issues and higher perceived risk. - Analysts highlight ETFs' role in liquidity but stress macroeconomic factors and technical barriers limit price breakthroughs. - XRP's 60-day range ($1.85-$2.15) contrasts with $3 price targets requiring sustained ETF demand and rate cut optimism.
Trending news
MoreCrypto prices
More
