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Managing Partner of Moonrock Capital Says Ethereum (ETH) Is Poised To Hit $2500 Next Week

Solomon Odunayo March 14, 2021 2 min read
Ethereum (ETH) Surpasses $500B, Beats Visa, Crushes Bitcoin Market Dominance Further

Simon Dedic, the managing partner of Moonrock Capital, has stated that Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has the potential to hit $2,500 next week.


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On 13th March 2021, the price of the digital token ETH surged past the $1940 price area for the first time since 21st February. This significant surge has moved two prominent cryptocurrency analysts to predict that Ethereum (ETH) would break above $2,500 resistance in the short term.

Read Also: Ethereum Developer Shares How EIP-1559 and PoS Accrue Value to ETH

At the time of writing, ETH is trading at $1,931.60, with a 9.09% price upsurge in the last 24 hours. Additionally, the cryptocurrency has surged 159% in terms of year-to-date return on investment.

Simon Dedic Sees Ethereum (ETH) At $2,500 Next Week

A couple of hours ago, Simon Dedic, managing partner of Moonrock Capital, a blockchain advisory and investment partnership based in London and Hamburg, predicted that the Ethereum (ETH) will break above $2,500 next week and that altcoins will benefit greatly in the predicted significant price upsurge.

Read Also: Charles Hoskinson: Cardano Would Struggle to Compete Against Ethereum with Massive Gas Fees

Simon Dedic tweeted, “ETH will go to 2500 next week and is going to take all alts with it.”

$ETH will go to 2500 next week and is going to take all alts with it.

— Simon Dedic (@scoinaldo) March 13, 2021

Another prominent analyst, identified on Twitter as The Moon corroborated Simon Dedic’s prediction, stating that Ethereum (ETH) now targets $2,500.

The Moon tweeted, “Ethereum breaking the cup & handle, with a target of $2,500!!!”

#Ethereum breaking the cup & handle, with a target of $2,500!!! pic.twitter.com/gmnCdz6JxY

— The Moon 🌙 (@TheMoonCarl) March 13, 2021

The Wolf Of All Streets, a pseudonymous analyst on Twitter also showcased his bullishness in the leading digital currency. He stated that a possible benefit also awaits altcoin markets if the positive move persists:

Read Also: Messari: Ethereum Is On Pace To Settle $1.6 Trillion In Transactions For Q1. Are Users Exiting As Claimed?

“Ethereum is holding support on the BTC pair – a bit surprising on a move this meaningful for Bitcoin. Strong demand here, pierced the bottom. This could be an epic sign for alts if it continues to rise.”

$ETH

Ethereum is holding support on the $BTC pair – a bit surprising on a move this meaningful for Bitcoin.

Strong demand here, pierced the bottom.

This could be an epic sign for alts if it continues to rise. pic.twitter.com/JEJOldEYhU

— The Wolf Of All Streets (@scottmelker) March 13, 2021


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Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,494.00
-0.78%
ethereum
Ethereum (ETH)
$1,835.58
-6.62%
tether
Tether (USDT)
$1.00
0.19%
usd-coin
USD Coin (USDC)
$1.00
0.11%
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ripple
XRP (XRP)
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0.42%
cardano
Cardano (ADA)
$0.484691
-6.00%
dogecoin
Dogecoin (DOGE)
$0.078829
-5.68%
polkadot
Polkadot (DOT)
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This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

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