ETH Sees Strong Bullish Momentum, Predicted to Reach $16,000

Ethereum (ETH) continues to impress analysts with its steady momentum and admirable strength in trading between $1,800, $1,900 over the last few weeks. This bullish trend has led most ETH analysts to predict that the asset will hit new ATH targets between $10,000, $16,000.

The past bull cycle was a disappointment for altcoins as Bitcoin's price surged far ahead of other cryptocurrencies, leaving only a handful of popular altcoins to reach new ATH prices. However, this bear cycle has seen a reputed crypto analyst make a bold claim that ETH will outperform BTC in the coming cycle.

A similar viewpoint is shared by another popular crypto analyst who states that ETH continues to respect its long-term macro fractal. He notes that every major ETH cycle has completed over a 4-Year Expansion phase following Bitcoin halving, and with Wave 5 possibly already in progress, key levels to watch include support between $1,500, $1,000 and resistance at the $4,000 price range.