Analyst Predicts ETH May Reach $13K by Q4, Setting a $8K Target as a More Cautious Estimate.
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A well-known pseudonymous crypto analyst on X, known as "Wolf," has outlined a bullish roadmap for ether, predicting that the second-largest cryptocurrency could reach $13,000 as early as the fourth quarter. While $13,000 represents an optimistic scenario, Wolf’s conservative target still suggests ETH could exceed $8,000 — more than double its current level.
In a chart-based post shared on Friday, Wolf stated he expects ether to continue its upward trajectory after reaching new all-time highs, although he cautioned of a 20%–25% correction subsequent to that breakout. He described this pullback as a “final shakeout” before a longer-term rally resumes.
Supporting this bullish perspective, institutional activity seems to be gaining momentum. On-chain analysis service reported Monday that SharpLink Gaming (SBET), the Nasdaq-listed company that initiated its ETH treasury strategy on June 2, had purchased an additional 77,210 ETH for approximately $295 million. This acquisition means the company now holds a total of 438,017 ETH — valued at around $1.69 billion — making it the largest publicly traded corporate holder of ether.
This purchase follows SharpLink’s recent appointment of former BlackRock executive Joseph Chalom as co-CEO and occurred just three days after the company disclosed earning 567 ETH through staking rewards since it began accumulating ether.
Meanwhile, Placeholder Ventures partner Chris Burniske observed a significant shift in sentiment around ether over the past month. He noted, “ETH went from most hated coin to darling of CT in ~5 weeks,” referring to the crypto community on X. The token has appreciated approximately 73% since June 23.
Ether is currently trading at $3,884, up 2% in the past 24 hours, according to CoinDesk data.
Technical Analysis Highlights
According to CoinDesk Research's technical analysis data model, ETH climbed from $3,771.30 to $3,888.72 between July 27 at 09:00 UTC and July 28 at 08:00 UTC, recording a 3.11% gain with a 4.91% intraday range. The token broke through key resistance around $3,837–$3,850 on strong volume, establishing a new support zone and positioning ETH for a potential advance toward $3,950–$4,000.
In the final 60 minutes of the session, ETH rose from $3,890.61 to $3,898.38. A sharp spike from $3,876 to $3,898 occurred at 08:05 UTC on elevated volume, confirming strong institutional interest at breakout levels.
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