Opinion: Ethereum Price Breaks $3,000, Analysts Predict Big Growth Possible Ahead

As reported by CryptoPotato, the price of Ethereum (ETH) recently exceeded $3,000, with analysts predicting that significant growth is possible in the future. Declining market value to realized value (MVRV) ratios, negative net inflows to exchanges, and the potential approval of a spot Ethereum ETF in the United States could drive the value of ETH even higher. Ethereum (ETH) is also one of the noteworthy winners, despite not witnessing such huge growth. Its price exceeds $3,000, representing a 4% increase on daily scale. Many analysts believe this could be the starting point for a future bull market. User Michael van de Poppe is one of the optimists who recently claimed that ETH is on its way to reaching higher timeframe support levels. CryptoYoddha is even more optimistic, predicting that the price may explode to $10,000 by the end of the year. Finally, World of Charts believes that ETH has begun to break out of a “descending wedge consolidation” on the 12-hour time frame.