ETH Price Prediction: Analyst Projects $10K Target as Ethereum Whales Show Confidence

A prominent cryptocurrency analyst has projected that Ethereum (ETH) could reach $10,000, citing strong confidence signals from major ETH holders known as "whales" and "sharks." Recent on-chain data reveals significant accumulation patterns among these large investors, suggesting growing institutional and wealthy investor interest in Ethereum's long-term potential. The analysis points to Ethereum's fundamental strength, including its dominant position in decentralized finance (DeFi) and non-fungible tokens (NFTs), as key drivers behind this optimistic price forecast. Market observers note that whale accumulation often precedes major price movements in the cryptocurrency market.