Ethereum Rally: $160K Target Predicted?
A prominent analyst is eyeing a potential significant rally for Ethereum (ETH), projecting a price target of $160,000 based on three historical patterns. This prediction is supported by on-chain data revealing a surge in Long-Term Holder (LTH) supply, which has outpaced Short-Term Holders (STHs).
Key Indicators Pointing to a Potential ETH Rally
- LTH Supply Surge: Long-Term Holder supply has reached 14.18 million ETH, significantly exceeding STH supply.
- Analyst Prediction: Analyst Axel Adler projects a $160K target using a 1.6x multiplier on current levels.
Throughout this cycle, Ethereum LTHs have demonstrated unwavering conviction, consistently increasing their holdings even during market corrections and periods of macroeconomic uncertainty. This steadfast accumulation continues, despite stable prices around $107K, reinforcing bullish sentiment within the crypto community. This power dynamic has spurred analysts, such as Axel Adler, to forecast a substantial price increase.
Analyst's Perspective: A Multi-Week Phase?
Adler points to three historical instances where LTH accumulation preceded major price rallies. Each time, a surge in LTH supply, exceeding that of STHs, significantly preceded a significant price increase. This pattern initially emerged when ETH traded around $28K, then again near $60K, leading to a breakthrough beyond $100K. Now, with this pattern repeating above $100K, attention is focused on its implications.
Adler suggests this current phase could last 4–8 weeks.
Source: CryptoQuant (replace with actual ETH chart if available)
On-Chain Data Confirms LTH Accumulation
On-chain metrics strongly support Adler's thesis. The significant increase in LTH supply, coupled with a decline in STH holdings, despite stable prices, paints a compelling picture. This is further underscored by the substantial increase in LTH Net Position Change from 181K to 209K ETH in just two days.
Source: Checkonchain (replace with actual ETH chart if available)
Source: Checkonchain (replace with actual ETH chart if available)
Short-Term vs. Long-Term Price Targets
In the short term, continued LTH accumulation could drive ETH to reclaim $110K and potentially reach the $112K psychological level. However, the long-term target of $160K, while possible, remains more speculative at this time.
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