- ETH Treasury company Bitmine Immersion estimates ETH price could hit $60,000.
- This price prediction is much higher than the expected $15,000 from Tom Lee.
- Can ETH set a $60,000 cycle top price this bull cycle?
Reputed ETH treasury company Bitmine Immersion makes a bullish statement related to the price of Ethereum (ETH) today. In detail, the firm estimates that the price of ETH could reach $60,000 based on a replacement value analysis from multiple research firms. This has led to a massive spike in bullish expectations fro the prisoner of the pioneer altcoin asset Ethereum (ETH) for the coming altseason peak phase.
ETH Treasury Company Bitmine Immersion Estimates $60,00 ETH ATH
The price of ETH has been getting a lot of attention these past few days, mostly due to the fact that ETH has yet to set a new ATH price since this bull cycle began and only started pumping after the prolonged correction phase in Q1. Now, in Q3, ETH has finally broken past the $3,900 price range but is yet to overtake the $4,000 price target and break past its previous ATH price at $4,800.
As for the price of Bitcoin (BTC), the pioneer crypto asset set a new ATH price in the $123,000 price range and is already showing bullish signals of hitting $130,000 and higher ATH prices soon. Similarly, expectations for the pioneer altcoin Ethereum (ETH) to hit new and higher ATH prices in the coming weeks ahead and trigger the altseason peak phase continue to grow stronger.
Just yesterday, a reputed financial expert, Tom Lee, predicted the price of Ethereum (ETH) to hit $15,000 ATH price by December 2025. As for the reasons behind these predictions, they come from the many bullish pattern formations on the ETH price chart. So far, the ETH price chart has formed golden crosses, descending wedge formations, and many other bullish patterns signaling a massive price pump soon.
How High Will ETH Go This Bull Cycle
Now, adding to the latest ETH price predictions and bull market pump expectations is the reputed ETH treasury company Bitmine Immersion. This firm estimates that the price of ETH could reach a really exceptional bull target and a possible cycle top price of $60,000. These incredibly high price predictions are based on replacement value analysis from multiple research firms.
Before this, the cycle top expectations for the price of ETH sat at $8,000 to $10,000 on the lower spectrum, between $15,000 to $20,000 on the mid spectrum, and now $60,000 on the high spectrum. Some analysts believe that this could be an ATH we may see in another bull cycle and not the ongoing one as $20,000 already seems like a stretch based on multiple price predictions and analyses from reputed crypto analysts.
