Oh, darling, grab your champagne flutes and hold onto your crypto wallets! Cryptocurrency analyst and trader Kevin Svenson (yes, the one with the spreadsheets and the slightly alarming enthusiasm) is predicting that Ethereum (ETH) could hit a five-figure price level. Five figures! That’s like, a whole new pair of Manolos and a year’s supply of Chardonnay. 🥂
In his latest “strategy session” (read: YouTube rant to 83,800 wide-eyed subscribers), Svenson reckons ETH could rally by 66% to 200% from its current level. Because, you know, Fibonacci levels. Or as I like to call them, “fancy math that makes my head spin.” 🌀
“If you look at the past cycle, Fibbing from the previous 2017 to 2018 cycle in 2021, we reached the 1.414 Fibonacci [level] from high to low on a log scale. The 1.414 Fib was the peak price target.” 🧮 Basically, he’s saying, “Trust me, I’ve done the numbers, and it’s all going to be fine.” Famous last words, Kev.
“And if you do that again from that high of $4,800 down to the cycle low… the 1.272 [Fibonacci level], which is one Fib target below the previous cycle’s target, is the likely target that is very likely to appear.” So, $7,700. Or, as I call it, “a nice little holiday in the Cotswolds.” 🌳
“The ideal target would be the same Fib target as the previous cycle, which is $9,883, the 1.414 Fib, just like 2021, just under $10,000.” Just under $10,000? That’s a whole new wardrobe, darling. 👗
“And the less likely target would be the 1.618, the Fib target, the higher Fib target, which we did not reach in the previous cycle, the 1.618 [Fibonacci level], that is sitting at around $14,000. It’s less likely. That is not unrealistic, whatsoever.” $14,000? That’s a down payment on a flat in Notting Hill. Or, you know, a really fancy handbag. 👜
According to Svenson, the growing mainstream adoption of Ethereum could be the catalyst for this rally. “And if things get really bullish, if we start to see the Ethereum narrative pick up and the stable coin narrative pick up and we’re seeing Wall Street adopting Ethereum for that reason, and we’re seeing banks adopt Ethereum for that reason, maybe we actually go to $14,000 or higher, depending on how this all plays out…” Wall Street? Banks? Darling, that’s like Mark Darcy finally noticing you exist. 💼
“…$7,700, $10,000, $14,000… are all within the realm of possibility this cycle.” Within the realm of possibility? Well, that’s about as clear as a glass of Pinot Grigio after two sips. 🍷
Ethereum is currently trading at $4,640, down about 5% from its all-time high in November 2021. But hey, what’s a little dip when you’re dreaming of five figures? 🤑
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2025-08-14 18:57