Crypto YouTuber’s Bold Prediction for Ethereum’s Price Surge
A prominent Crypto YouTuber has taken to Twitter and the X social media network to share his optimistic outlook on Ethereum’s future, expressing his expectation of an enormous all-time high for the second-largest cryptocurrency. While refraining from providing specific timeframes, the YouTuber asserts that the surge is a matter of “when, not if.”
According to the Crypto YouTuber, Ethereum has the potential to reach an astounding $10,000, representing a remarkable 321.52% increase from its current price level of $2,370. This bullish projection aligns with growing anticipation in the crypto community regarding Ethereum’s performance in the near future.
Ethereum’s Progress Towards New Milestones
On-chain data aggregator Santiment reports Ethereum’s recent advancements, with the cryptocurrency inching closer to a new all-time high. According to a recent tweet, Ethereum is within 1.6% of its highest value since May 11 of the previous year. Simultaneously, Bitcoin is within 2.9% of its highest value since April 6 of the same year. Both cryptocurrencies achieved these highs at the beginning of December.
Additionally, Santiment notes a trend of top 10 exchange wallets moving Ethereum, either withdrawing ETH into smaller blockchain addresses or relocating it away from centralized crypto exchanges (CEXs). Roughly two weeks ago, a substantial 240,000 ETH, valued at $569,347,200, was transferred from exchanges, indicating strategic movements by major players in the market.
Galaxy Digital’s Ethereum Transfers and Mike Novogratz’s Early Investment
About a week ago, Galaxy Digital, an influential cryptocurrency investment fund led by former Goldman Sachs partner Mike Novogratz, executed a significant transfer of Ethereum, signaling a potential intent to sell. The transferred ETH was valued at roughly $24.3 million at the time.
This wasn’t the only Ethereum transfer by Galaxy Digital. According to blockchain sleuth @OnchainDataNerd, the fund had deposited a total of 31,437 ETH into various cryptocurrency exchanges. Mike Novogratz, an early Ethereum investor, revealed in an interview that he bought 500,000 ETH from Vitalik Buterin right after the ICO, becoming the first Wall Street buyer of Ethereum before its exchange listing when it was valued at less than $1.
