Crypto Expert Predicts Ethereum Surge to $5,000 as Bitcoin Leads December Rally
A crypto analyst predicts Ethereum is on the verge of a major breakout, with conditions aligning for a rally to unprecedented heights.
Justin Bennett, a prominent figure in the crypto space, recently shared that Ethereum could soon reclaim the $4,000 mark as a critical support level. He suggests that Bitcoin’s recent upward momentum might lead traders to shift profits into Ethereum, boosting its price further.
Bennett points to Ethereum’s struggle at $4,000 due to technical resistance, but he believes a breakthrough could propel it towards $4,800 or even $5,500. According to him, “Bitcoin has dominated December so far, but it’s likely we’ll see some of those gains rotate into Ethereum. Clearing $4,000-$4,100 would set the stage for a run to new all-time highs.”
At present, Ethereum trades around $3,873, but Bennett expects both Bitcoin and Ethereum to outperform the broader market for the rest of December. He argues that focusing on these leading assets makes the most sense right now, with altcoins likely to follow only after significant moves in BTC and ETH.
READ MORE:
XRP Set for Explosive Rally with ETF Approval and Market MomentumOn Bitcoin, Bennett describes its current rally as “full Santa Claus mode,” fueled by speculation about its potential role as a U.S. reserve asset under Trump. He predicts BTC could surge to $116,000 or even $125,000 before the year ends, with pullbacks becoming increasingly rare during this period of heightened market activity.
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
Strategy to offer $21B in preferred stock to expand Bitcoin holdings

XRP Head and Shoulder Neckline and Break Could Trigger Bullish Breakout Toward New $5 ATH Price

Bitcoin Faces Extended Correction as Resistance Holds, Analysts Predict Further Declines

Trending news
MoreCrypto prices
More








