Nicholas Merten Predicts Ethereum At $20,000 By End Of This Bull Cycle

According to Nicholas Merten, a prominent cryptocurrency trader and analyst, Ethereum (ETH) is going to make big moves.

ETH broke its current all-time high (ATH) of $4,674 on Wednesday and at the time of writing is trading at $4,483.

In a recent strategy session, Merten shared with his 477K YouTube subscribers that Ethereum has great momentum right now and the second largest crypto asset is likely to “continue the trend.”

According to Merten, ETH’s long-term cycle top could still be more than 400% more than its all-time high.

“Our long-term cycle top for this overall bull market is going to be $20,000. I really think that there’s a serious potential for Ethereum to get up towards the $15-20k range. That’s our general target range, $20k being the optimistic number we’re going for.

Our short-term target here is going to be somewhere around $7,500 to $10,000, halfway through that valuation range. Similar to Bitcoin going to $100k, and then eventually maybe rising to $200k.” 

Merten has his feet on the ground, and says that he is not a “guru.” He just firmly believes that the $7,500-$10,000 price level is a more than doable for Ethereum.