Analyst Predicts Ethereum Price to $12K After Major Breakout Amid Eric Trump’s Warning to Short Sellers

Ethereum has broken free from a long period of consolidation, igniting renewed bullish narrative across the market. Currently trading at $4,191.02 after a 5.84% daily gain, Ethereum is seeing heavy institutional interest, including BlackRock’s recent purchase. Eric Trump has publicly warned bears to stop betting against Bitcoin and Ethereum, further boosting sentiment. With this backdrop, analysts like Captain Faibik are forecasting a run towards $12000 in the next cycle.

Is Ethereum Price to $12K Next As Investors Weigh Sell or Hold

Ethereum’s price action confirms a decisive breakout from a multi-year symmetrical wedge, ending a prolonged consolidation phase. The long-term chart shows a resounding bullish move beyond the resistance level and the bulls are now aiming at $12,000 according to market analyst Captain Faibik. 

This analysis draws from historical setups where similar breakouts triggered significant rallies. But even then a small correction may be followed up immediately. 

Thus, it will be important to maintain the reclaimed support to carry through to maintain momentum. Overall, the breakout has shifted sentiment firmly in favor of the bulls.

The rally is supported by strong volume of buying and steady higher highs which are indicative of trader confidence. The bullish formation is also suitable with a positive market arrangement regarding long-term gains. 

As earlier reported by Coingape, Wall Street analyst Tom Lee has set a $16,000 target for Ethereum, citing similarities to Bitcoin’s 2017 rally. His analysis, combined with Captain Faibik’s $12,000 target, places both forecasts in the same bullish range projection. 

As such, such targets can still be achievable in the present market cycle, as institutional players come into play. This technicals/sentiment confluence is a bullish indicator for Ethereum price prediction.

Will BlackRock’s Accumulation And Eric Trump’s Bullish Warning Fuel Rally Past $10K?

BlackRock’s acquisition of over 65,000 ETH, valued at approximately $271.8 million, has strengthened Ethereum’s bullish outlook. Such a major acquisition is indicative of strong endorsement by the institution and may encourage other large-scale investors to make similar moves. 

This stacking does not only soak up selling, but also supports price bottoms on a long time scale. Therefore, BlackRock’s entry supports the bullish Ethereum price narrative shared by analysts. 

Institutional purchases of this size can be a propellant to ridiculously long rallies. As a result, confidence in Ethereum’s potential continues to grow.

Further boosting sentiment, Eric Trump recently warned traders to stop betting against Bitcoin and Ethereum, warning bears of an inevitable rally. This statement came alongside Ethereum’s surge to $4,100, which liquidated over $356 million in short positions within 24 hours. 

The sentimental rallies are usually driven by the high-profile figures publicly supporting the cause. These bullish public remarks when combined with institutional purchases can create powerful momentum. 

Therefore, the alignment of large-scale capital inflows and high-profile endorsements may accelerate Ethereum’s path toward ambitious price targets. Such a trend will make the analyst targets of between $12,000 and 16,000 more realistic.

Is $12K ETH Price Realistic?

To sum up, Ethereum’s breakout, combined with BlackRock’s accumulation and Eric Trump’s bullish call, has strengthened the case for further gains. But the pace will need to be maintained by maintaining important support lines and through any macroeconomic headwinds. However, sustaining a bullish traction will require holding critical support levels and navigating potential macroeconomic headwinds. While the $12,000 target remains favorable, its achievement will depend on continued institutional interest, stable market conditions, and the absence of major sell-offs.

Coingape Staff

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