Ethereum To $10k (Easiest Altcoin Pick)

This video discusses the potential for Ethereum to reach $10,000 by 2025, citing analysis from Virtual Bacon and highlighting several major companies building on the Ethereum blockchain.

Here are the highlights:

• Companies Building on Ethereum:
  • Robinhood is developing its own Layer 2 solution on Ethereum infrastructure, based on Arbitrum technology.
  • J.P. Morgan is now allowing customers to lend against Ethereum.
  • Stripe has integrated USDC crypto payments using Ethereum and its Layer 2 Polygon.
  • BlackRock has an Ethereum ETF (ticker: ETH) that became the third ETF to reach $10 billion in assets within a year.
  • Sony is launching an Ethereum Layer 2 called “Sonium”.
  • PayPal is adding Arbitrum support for its stablecoin, PYUSD, which is launched on Ethereum.
  • Peter Thiel’s company, Bitmine, aims to become the “Ethereum version of MicroStrategy” by using Ethereum as an inflation hedge.
  • Visa is launching a tokenized asset platform on the Ethereum blockchain.
  • Mastercard is collaborating with MetaMask for a blockchain-based debit card and is expanding its crypto division.
  • Shopify is utilizing USDC payments on Ethereum Layer 2 Base.
• Technical Analysis for Price Prediction:
  • The video references Virtual Bacon’s analysis, noting that past Ethereum bull runs began with higher lows, the 50-week simple moving average flipping to support, and the 20-week simple moving average curling upwards.
  • The presenter highlights a “golden cross” on the Ethereum chart using exponential moving averages, where the 20-week EMA crossed over the 50-week EMA.
  • The last golden cross occurred around November 2023, leading to a 120% pump in ETH over 119 days.
  • Applying this 120% pump to the current price suggests Ethereum could reach $6,600 by the tail end of November.
  • The video concludes by expressing strong disagreement with the idea that ETH cannot hit a new all-time high, suggesting it could reach $6,000-$8,000.