Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Analyst Sees Fresh Leg Higher for Ethereum Into New All-Time Highs, Predicts Multi-Trillion-Dollar Market Cap for One Tech Stock

Analyst Sees Fresh Leg Higher for Ethereum Into New All-Time Highs, Predicts Multi-Trillion-Dollar Market Cap for One Tech Stock

Daily HodlDaily Hodl2025/09/29 16:00
By:by Henry Kanapi

An analyst known for his timely crypto calls believes that Ethereum ( ETH ) is now poised for a big breakout to fresh all-time high (ATH) prices.

Pseudonymous analyst Bluntz tells his 328,600 followers on X that Ethereum appears to have printed a local bottom after completing a wave four correction.

Bluntz practices the Elliott Wave theory, which states that a bullish asset goes through a five-wave rally with waves one, three and five serving as uptrends and waves two and four acting as pullback periods.

Says Bluntz,

“This ETH wave four on daily looks like it’s over with a leg higher into ATH yet to come, looking at around $5,500, but ultimately don’t think this ATH break is going to be as sensational as people expect.”

Analyst Sees Fresh Leg Higher for Ethereum Into New All-Time Highs, Predicts Multi-Trillion-Dollar Market Cap for One Tech Stock image 0 Source: Bluntz/X

At time of writing, Ethereum is trading at $4,216.

Looking outside of the crypto market, Bluntz says he’s keeping a close watch on the electric vehicle maker Tesla (TSLA). According to Bluntz, TSLA is now in the midst of a strong five-wave uptrend that could take the stock above $1,000.

“If FSD (full self-driving) gets good enough to remove the safety driver, which is inevitable and sounds like it’s not too far away, TSLA shifts very quickly from a $900 billion automaker to a multi-trillion dollar AI mobility platform.”

Analyst Sees Fresh Leg Higher for Ethereum Into New All-Time Highs, Predicts Multi-Trillion-Dollar Market Cap for One Tech Stock image 1 Source: Bluntz/X

As of Monday’s close, TSLA is trading for $443.

Generated Image: Midjourney

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!