Ethereum Sees 'Netflix Moment' as Analysts Predict Bull Run

Crypto analyst Ted Pillows says Ethereum is having its 'Netflix moment,' comparing the cryptocurrency's price chart to Netflix's growth from 2003 to 2011. He believes ETH will reach $10,000 by 2029.

Pillows superimposed Ethereum's monthly chart over Netflix's and marked the point where Netflix broke above a multi-year range and reclaimed its rising trendline. At that juncture, he placed Ethereum on the equivalent spot on its own chart.

Meanwhile, Michaël van de Poppe, Founder and CIO of MNFund, thinks Ethereum made a quick recovery after sweeping the lows. He suggests another run at the highs is likely in the coming days, and if that happens, he would look to enter at $2,200.