Crypto Research Analyst Puts Ethereum At $9,000 In Six Months

Ethereum has had a good year in 2021, although the digital asset is looking to close out the year on a less than a bullish note. Nevertheless, investor sentiment around the altcoin continues to be on the positive side as most expect the cryptocurrency to do well in the coming years. One of those is a crypto research analyst at Fundstrat, Armando Aguilar, who believes that Ethereum will double in price next year.

Ethereum Heading For A Big Year

In a report on Business Insider, Aguilar noted that the year has been a choppy one for the cryptocurrency market. There were several bull rallies and crashes that rocked the market for the year, and the analyst expects to see this choppiness persist into next year. However, next year does not look to be all bad from his perspective.

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Aguilar shared with Insider that he was expecting more adoption from institutional investors into bitcoin which would lead to what he sees to be a successful year. For Ethereum, this has some important implications as the coin has now lost its footing above $4,000. Aguilar explained that he sees the price of Ethereum doing very well going into the year 2022.

Ethereum price chart from

ETH begins recovery towards $4k | Source: ETHUSD on

He puts the price of the second-largest cryptocurrency by market cap at $9,000 by the second quarter of 2022. This will be propelled by the growth of decentralized finance (DeFi), the metaverse, and NFTs.

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Even with the explosive growth of DeFi in 2021, Aguilar sees this growth going into 2022 as institutional investors take more stake in the market. As this demand grows, Atheneum’s value will grow with it, putting it at $9,000 in the first half of 2022. “I believe that DeFi will play a major role for institutional capital next year,” said Aguilar. “As institutional and retail demand drove DeFi into new heights, the trends will continue to spill into 2022.”

Bitcoin Clocking Six Figures

For Ethereum to hit Aguilar’s prediction, bitcoin would also have to see explosive growth in 2022. This is why the analyst also expects bitcoin to finally hit six figures in the same time frame. He puts this up to more adoption from institutional investors as they turn to bitcoin to combat rising inflation rates. This will see the price of bitcoin finally surge towards the coveted $100,000 price.

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Additionally, institutional investors are already getting exposure to the digital asset through the various ETFs that have been approved by the SEC. Aguilar notes that funds like Valkyrie are tracking US public companies that are exposed to bitcoin through the Balance Sheet Opportunities ETF.

Just like Ethereum, bitcoin looks to be heading towards a year-end close below expectations. The digital asset continues to struggle at $48,000 going into the holidays, suggesting that a close below $50,000 for the year is imminent.

Featured image from BankrateAn, chart from


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Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase

On-chain data shows crypto exchange Coinbase saw a withdrawal of 400k Ethereum yesterday. This could be a sign of activity from institutional investors, and could prove to be bullish for the coin.

Coinbase Observes Outflow Of 400,000 ETH

As pointed out by a CryptoQuant post, about 400k ETH (1.5 billion at the current exchange rate) was withdrawn yesterday from the crypto exchange Coinbase.

The indicator used here is the Ethereum outflow, which shows the total number of coins exiting wallets of the exchange.

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When the metric shows a big spike, it means a lot of ETH was withdrawn from the exchange. Investors usually take out a lot of coins to either hodl them or to sell them through OTC deals.

So, constant outflows can mean that there is a buying pressure in the market and investors feel bullish on Ethereum.

Now, here is how the chart for the indicator looks like for the crypto exchange Coinbase:

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Ethereum Coinbase Outflow

Ethereum Coinbase Outflow

ETH's outflow showed a large spike yesterday | Source: CryptoQaunt

As the above graph shows, the crypto exchange Coinbase saw a spike of a massive 400k Ethereum in outflows yesterday.

Outflows this big can be a sign of activity from institutional investors as certainly normal holders won’t have these many coins to move around.

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Institutional investors being bullish on ETH can mean huge things for the crypto. If ETH has to move to the next leg up, it will need a lot of money pumped into it, and this usually means whales like institutional investors need to get involved.

As these outflows already signal that institutional investors are taking their coins out of exchanges to perhaps hodl them, ETH’s outlook looks bullish.

Ethereum Price

At the time of writing, ETH’s price floats around $59.9k, up 9% in the last seven days. Over the last thirty days, the crypto has amassed 25% in gains.

The below chart shows the trend in the price of the coin over the last five days:

Ethereum Price Chart

Ethereum Price Chart

ETH's price makes a push up and approaches the $4k mark | Source: ETHUSD on TradingView

ETH has made a big push in the last few days as the coin now approaches a test of the $4k mark. It’s unclear at the moment if ETH can keep this momentum going and reach a new all time high (ATH) soon, or if it will falter once again.

Related Reading | TA: Ethereum Follows Bitcoin, Why ETH Could Surge Towards $4K

If the outflows are anything to go by, the general sentiment seems to be bullish and institutional investors getting involved can help with the big price pushes the crypto needs to break important resistance lines.

Featured image from, charts from,


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As Ethereum Approaches $4k, On-chain Data Shows Rally Will Continue Even Higher

Even with Ethereum’s strong run where the coin has reached near $4k, on-chain data shows there is still more room for the bull rally to continue.

Ethereum All Exchanges Taker Buy Sell Ratio Shoots Up

As pointed out by a CryptoQuant post, the ETH all exchanges taker buy sell volume has shown a huge spike today.

The Ethereum all exchanges taker buy sell ratio (or volume) is an indicator that shows the ratio between long volume and the taker seller volume.

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Now, common sense says, since every trade needs a buyer and a seller, how can there exist a difference between the two quantities?

Well, to understand the concept of taker buy and sell volumes, the idea of taker and maker needs to be understood first. Quoting the CryptoQuant data guide:

Taker: Taker trade refers to an order that is traded before going on the order book. All market order trades are takers.

Maker: Maker trade refers to an order that goes on the order book (e.g. a limit order). These orders add volume to the order book, helping to ‘make the market’.

When these takers buy ETH at the price set by makers, the amount of coins traded contributes to the taker seller volume. This volume is referred to as “seller” because it can drive the prices down.

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Related Reading | Why Bitcoin And Ethereum Could Be In Trouble As Derivatives Pressure Mounts

On the other hand, takers selling to makers at the ask price can push the prices up, thus contributing to the buyer volume.

The ratio between these two volumes is precisely the taker buy-sell ratio. If the taker buy volume is higher than the sell volume (that is, the value of indicator is above one), it means more trades are occurring at the ask price. This shows there is more demand and so the prices go up.

Related Reading | As Bitcoin Breaks $50k, Indicators Show A Calm Before The Storm

Now, here is a chart that shows how the value of this metric looks like for Ethereum right now:

Ethereum Taker Buy Sell Ratio

Ethereum Taker Buy Sell Ratio

The ETH metric spikes up | Source: CrytpoQuant

A high value of the indicator such as right now suggests the Ethereum taker buy volume is greatly overwhelming the sell volume.

A similar spike was seen in the middle of August, and the price moved up in response. So, if the indicator is to be believed, the current high value might also result in further movement upwards.

ETH Price

At the time of writing, Ethereum floats just under $4k, up 22% in the last seven days. Monthly gains for the coin are around 47%.

The below chart shows the trends in ETH’s value over the last three months.

Ethereum Price Chart

Ethereum Price Chart

Ethereum's price very sharply moves up as the crypto aims to test $4k | Source: ETHUSD on TradingView


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