Ethereum broke the $4,000 level earlier today, and analysts expect further gains in the months ahead
Ethereum, the second-largest cryptocurrency by market capitalization, surged past $4,000 today. This move comes just a week after the token climbed above $3,000. According to CoinMarketCap data, ETH’s current high is $4,140.10. The latest rally means Ethereum has gained roughly 470% since the start of the year, when it traded around $725.
Ethereum has set several record highs this year, but the most significant momentum occurred this month—ETH’s value rose more than 30% in less than a week. Ethereum’s market dominance has also increased substantially to around 19%, a level not seen since the last bull market three years ago.
Before the weekend rally, investor Mark Cuban said Ethereum was positioned to appreciate further and offered three reasons to support his projection. Several other crypto experts and analysts also believe additional gains are likely for the token.
Magnetic co-founder Megan Kaspar similarly predicted that Ether could trade near $10,000 by the end of the year. Kaspar had earlier forecasted that Ethereum would reach the mid-$3,000 range—a prediction that came true in under five months. She reiterated her new price target on Friday while speaking on Yahoo Finance Live, adding that Ether’s market capitalization could rise to $1 trillion.
“…network upgrades alone could drive Ethereum to a $1 trillion market cap, which is where Bitcoin is today—that would put Ethereum around $8,000 to $10,000.”
In a Saturday interview on the YouTube channel Altcoin Daily, crypto influencer Ben Armstrong shared his price predictions for Ether. He told the show’s hosts he expects Ethereum to reach $10,000 before September.
“I’m looking at a $5,000 Ethereum in mid-June. I’m looking at an Ethereum at $10,000 by the end of August, and I still think it could go to $27,000 […] I’ll shave my head on New Year’s Day if it doesn’t reach $10,000 by the end of this year.”
Lark Davis, known as The Crypto Lark, also reiterated a bullish forecast yesterday, tweeting that Ether’s price is on track toward $10,000.
According to CoinMarketCap, Ether’s market capitalization currently stands at $476 billion. At that level, it is larger than several major companies, including NVIDIA, Johnson & Johnson, Walmart, MasterCard, and PayPal. If the trend continues, Ethereum could soon surpass JPMorgan Chase, which has a market cap around $488 billion, and might challenge Samsung in market value as well.