Ethereum Price Prediction: Could ETH Rally to $15,000 in the Next Cycle?

robot
Abstract generation in progress

Ethereum (ETH) had a difficult beginning to the year. From January to late April, the coin lost more than half its value, falling to around $1,300. However, according to Eric Jackson, founder of EMJ Capital, that sharp decline actually set the stage for Ethereum’s rebound. He explained that the drop showed “seller exhaustion,” as many traders were heavily shorting ETH while staying long on Bitcoin. Once that pressure eased, Ethereum started climbing again and has since regained strength.

ETH-5.15%
RLY-4.64%
IN-14.33%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)