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.
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.
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.
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!!!”
— 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:
“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.”
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