The best Ethereum price predictions as analysts claim that ETH will return to the discount zone

Modest growth, major bull run or new comeback: what’s next for ETH?

Despite the turmoil caused by geopolitical tensions and other factors over the past few weeks, Ethereum (ETH) has managed to stabilize above $2,000.

Many industry participants expect the asset to make significant gains in the near future, and some suggest that current levels provide a great buying opportunity.

New ATH in development?

The cryptocurrency market, which has been on a rollercoaster lately, experienced a major resurgence today (March 10) after US President Donald Trump claimed that war with Iran is “very complete and very complete”. ETH followed the green wave and is currently trading around $2,070, up 3% daily.

According to a popular market watcher who goes by the moniker Merlijn The Trader at X, the second largest cryptocurrency is back in the “discount zone”. According to him, the current structure reflects the year 2023, after which there was a bull run.

According to him, holding the important mark of $2,000 could lead to a big rally to around $10,000, while missing it would mean “the discount zone goes lower.”

For his part, X user James stated that ETH’s performance is similar to NVIDIA “before the faces melted”. That said, he expects the digital asset to follow in the AI ​​giant’s footsteps and explode to an all-time high in the coming years.

Satoshi Flipper is also bullish, though he makes a more modest prediction. The trader thinks that a possible resolution of the military conflict between the US (backed by Israel) and Iran could bring ETH to $2,500.

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Some indicators of the chain support the optimistic scenario. For example, some X users have revealed that sharks continue to hoard ETH: a development that reduces the number of tokens available on the open market and could trigger a rally (if demand remains constant or goes north). The actions of large investors are also closely monitored by smaller players who may follow suit and inject new capital into the ecosystem.

It is worth noting that Tom Lee’s BitMine is a prominent shark that plays a major role in trading. Recently, the company bought about 61,000 ETH worth about $123 million, increasing its total holdings to 4,535,563 coins.

Another downward trend on the horizon?

Contrary to the bullish predictions seen above, some analysts and traders expect ETH to go south soon. X Crypto user Tony said they are expecting a potential rejection around $2,060 “to short this again”.

For his part, Ted predicted that ETH could rise to $2,400 if it recovers the $2,150 level. But after that, he sees a “decent chance” that assets will plunge to new lows.