The lack of selling pressure from miners will be one of the main catalysts boosting ETH's price to unprecedented highs in the current bull cycle.
Ether (ETH) could reach $27,000 at the top of the current bull cycle, predicts Ethereum community member and investor Ryan Berckmans.
“My personal prediction is $12,000 to $27,000 per Ethereum within 18 to 30 months," he said in a recent interview with Cointelegraph.
As one of the main catalysts for ETH's appreciation, Berckmans points at the lack of selling pressure from miners, which disappeared after Ethereum switched from a proof-of-work to a proof-of-stake consensus mechanism in September 2022 with the Merge upgrade.
