Doctor Profit Puts Extreme Bet on Ethereum to Hit $4,000
Doctor Profit, a well-known crypto analyst, has made his biggest Ethereum bet yet. For the first time in his trading history, he has flipped the ratio of Bitcoin to Ethereum in his portfolio from favoring BTC to ETH.
The analyst said on X that previously, Ethereum represented only around 10% of his combined BTC and ETH portfolio. Last week, he raised it to 20%, and Friday saw him push it up to 60%. He warned that this move could either be one of the greatest allocation decisions of his career or one of the craziest.
Doctor Profit believes in Ethereum's potential and is projecting a significant price increase. He posted a chart showing a possible move from around $1,950 toward $4,000 by early 2027. The analyst asked who else was ready for this target and stated that he was betting 'EXTREME on ETH'.
Others are also bullish on Ethereum. Crypto trader Mercury noted that the asset is coiling just below a critical inflection point at around $1,950, where a nine-month downtrend and a five-month range support level meet. He believes that if this level is reclaimed as support, it could open up a path toward $2,350 and potentially $2,800.
Meanwhile, Arthur Hayes has been accumulating Ethereum. Since July 15, he has purchased 3,915 ETH at around $7.47 million.