ETH could reach $27K this bull cycle, expert predicts

The lack of selling pressure from miners will be one of the main catalysts boosting ETH’s price to unprecedented highs in the current bull cycle.

Ether (ETH) could reach $27,000 at the top of the current bull cycle, predicts Ethereum community member and investor Ryan Berckmans. 

“My personal prediction is $12,000 to $27,000 per Ethereum within 18 to 30 months,” he said in a recent interview with Cointelegraph.

As one of the main catalysts for ETH’s appreciation, Berckmans points at the lack of selling pressure from miners, which disappeared after Ethereum switched from a proof-of-work to a proof-of-stake consensus mechanism in September 2022 with the Merge upgrade. 

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Source: https://cointelegraph.com/news/eth-could-reach-27k-bull-cycle-expert-predicts