High Ethereum Price Predictions As Analyst Claims ETH Is Back In Discount Zone

Modest rise, massive bull run, or new pullback: what’s next for ETH?

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

Many industry participants expect the stock to post big gains soon, with some suggesting that current levels offer a good buying opportunity.

A new ATH in the making?

The cryptocurrency market, which has been on a rollercoaster lately, received a significant boost today (March 10) after US President Donald Trump said the war with Iran is “very complete, absolutely.” 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 on X, the second largest cryptocurrency is back in “discount territory.” He believes that the ongoing structure is similar to that of 2023, which was followed by a bull run.

In his view, holding the key $2,000 mark would lead to a large rally of nearly $10,000, and losing it would mean “the discount area is going down.”

For his part, X user James argued that the performance of ETH is similar to NVIDIA “before the face melts.” That said, expect the digital asset to follow in the AI ​​giant’s footsteps and explode into an all-time innovation in the coming years.

Satoshi Flipper is also bullish, although it makes a modest forecast. The trader thinks that a possible solution to the military conflict between the USA (supported by Israel) and Iran could drive ETH to $2,500.

You may also like:

Certain on-chain indicators support the optimistic scenario. Some X users, for example, pointed out that whales continue to accumulate ETH: a development that reduces the number of tokens available on the open market and can cause a rally (demand should remain constant or head 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 notable whale that plays a major role in the transaction. Recently, the company bought about 61,000 ETH for about $123 million, thus increasing its total supply of 4,535,563 coins.

Another Downtrend on the Horizon?

Contrary to the bullish predictions noted above, some analysts and traders expect ETH to head south soon. X user Crypto Tony said they expect a potential rejection around $2,060 “to lower this further.”

On the other hand, Ted predicted that ETH could rise to $2,400 if it recovers the level of $2,150. After that, however, he sees a “good chance” that the stock will go down for the better.