Analysts are offering differing predictions for Ethereum’s future price trajectory. While some believe a dip below $1,000 is likely before a significant rally to $10,000 or higher, others highlight the potential for long-term gains based on whale activity and supply shock expectations. 2023 has seen a surge in interest from institutional investors and whales. These developments suggest that Ethereum could be preparing for a larger price increase. One prominent analyst, Crypto Patel, suggests that before such a breakout occurs, Ethereum’s price may dip below $1,000, potentially presenting an opportunity for long-term accumulation. His reasoning is based on historical price action that indicates key support levels and the tendency of Ethereum to retrace before a significant surge. Another influential voice, Mr. Wall Street, agrees with this assessment and points out the increasing activity from large investors (whales) in holding substantial amounts of ETH. This influx, according to Mr. Wall Street, will create a potential supply shock, potentially driving prices up quickly. He predicts an initial short-term target around $3,500–$4,000, with long-term expectations reaching as high as $10,000. He also emphasizes the impact of BlackRock’s Ethereum ETF on the market, which is expected to create a significant price surge in the near future. This combination of factors suggests that Ethereum has a bright outlook despite current market uncertainties and volatility.