 
 
Ethereum, the industry’s second-largest crypto by market cap, has surged past $3,800 in recent days, jumping roughly 58.6% over the last 30 months.
As the foremost altcoin surges from the doldrums, one critical question remains for investors: Will this Ethereum revival continue?
A well-known crypto strategist, going by the online moniker Wolf on the X social media platform, has laid out an extremely bullish roadmap for Ethereum, forecasting that the asset could rocket to $13,000 as early as the fourth quarter of this year.
Wolf said he anticipates ether to continue climbing after setting fresh lifetime highs, although he cautioned of a 20%–25% pullback after that upsurge. He described this sizable correction as a “final shakeout” before a prolonged meteoric run returns.
Notably, $13,000 and beyond is his optimistic case scenario; Wolf’s conservative target puts ETH above the $8,000 price tag, which is still more than double its current level.
 
Wave Of Institutional ETH Buying
The growing interest from institutions in Ethereum buoys the crypto’s bullish outlook.
SharpLink Gaming, the Minneapolis-based publicly traded company that launched its ETH treasury strategy earlier last month, had scooped up another 77,210 ETH for roughly $295 million. After the recent ETH acquisition, the firm’s total Ether stash surpasses 438,000 ETH, valued at around $1.69 billion, according to blockchain sleuth Lookonchain.
Meanwhile, BitMine Immersion Technologies recently announced that it owns roughly 566,776 ETH, worth more than $2 billion — making it the largest Ether treasury firm. BitMine chairman Tom Lee stated that after the latest accumulation spree, the firm is “well on our way to achieving our goal of acquiring and staking 5% of the overall ETH supply.”
These aggressive ETH purchases by corporations and institutional investors via record-breaking exchange-traded fund inflows can trigger a supply shock for ETH, which can theoretically propel the price higher.
Source: https://zycrypto.com/crypto-analyst-says-ethereum-on-cusp-of-violent-upside-move-to-13000-in-q4/