While there is a general rise in the cryptocurrency market, Ethereum 
$3,128 Its price has decreased by over 1% in the last week. Famous analyst Ali Martinez said that following the rally of Ethereum and S&P 500, Bitcoin 
$93,344He claimed that he would surpass . Martinez mobilized investors by stating that ETH could rise to the $ 10,000 level.
“Ethereum Will Overtake Bitcoin in This Cycle”
Crypto analyst Ali Martinez stated that Ethereum outperforms Bitcoin in every market cycle. “We have not yet reached such a stage in this cycle, but it will happen very soon,” said Martinez, drawing attention to the upward potential of Ethereum.
ETH price corrected 10% from $3,400 in November. However, strong support at the $3,000 level led investors to maintain interest. According to on-chain data, 6.14 million Ethereum was collected by 2.82 million addresses around $3,000.
Whale Accumulation and Technical Data Support Uptrend
Another crypto analyst, IamCryptoWolf, argued that ETH will reach the $10,000 target if it exceeds the $4,000 level. “Ethereum has established a solid foundation by creating rising lows over the last 2.5 years,” the analyst said. “Momentum is building slowly, but it will accelerate once we pass $4,000,” he said.
The recent accumulation of Ethereum whales also supports these predictions. Since the beginning of November, whales have purchased 430,000 ETH, bringing the total value of these purchases to $1.4 billion. This process exhibits bullish potential consistent with Ethereum’s MVRV ratio, which shows a lower realized value than its market cap.
ETH price is currently trading at $3,110. Ethereum’s transaction volume, which has decreased by 1% in the last 24 hours, decreased by 23%. However, the 1% increase in futures open interest strengthens the market’s bullish signals.
Ethereum’s future price movements are being watched carefully due to the influence of whales and market dynamics. Analysts emphasize that investors should take careful and strategic steps during this period.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
